Russia’s Rosneft Terminates Venezuela Operations
Russia’s largest oil producer, Rosneft, said on Saturday it had terminated operations in Venezuela and disposed of its assets relating to its operations there. The company said it was selling its Venezuelan businesses to a company owned by the Russian government, “including in the joint ventures of Petromonagas, Petroperija, Boqueron, …
Rosneft Drills a Record-breaking Well in Venezuela – Depth 347m Horizontal Section 1,500m
Rosneft, as part of a PetroMiranda JV including PDVSA and Gazprom Neft, has drilled an unprecedented horizontal well GG1-14 at the Junin-6 block. The well is unique for the shallow depth, only 1,140 feet or about 347 meters, of the reservoir interval and the length of horizontal section 4,920 feet …