RN-Yuganskneftegaz Produces 2.5 Billion tons of Oil
Since the beginning of field development in 1964, the oil workers of RN-Yuganskneftegaz have produced 2.5 billion tons of oil. This is 20% of all oil produced in the Khanty-Mansi Autonomous Okrug-Yugra. This volume can be compared to a train of 36 million wagons that wrapped the globe more than 10 times. …
Rosneft: Signs Investemnet Incentives to Accelerate the Development of the Priobskoye Field
Rosneft Oil Company, the Ministry of Finance of Russia and the Ministry of Natural Resources and the Environment of Russia have signed an agreement on investment incentives for oil production at the Priobskoye field in the form of an annual mineral extraction tax (MET) deduction of up to 46 billion …
Gazpromneft Khantos: Digital Twin to Optimise Production
Digital modules have been launched at Gazpromneft Khantos’ Production Control Centre, responsible for oil production processes, optimising well loads and maintaining reservoir pressure. The economic impact of digitising production over the next three years could exceed RUB2 billion, with additional production potentially increasing by up to 1.5 percent. New software products are the key elements behind the …
Saltel Industries: Completes Over 60 Wells with Xpandable ECP Packer in Western Siberia
Saltel Industries, records 100% success with its External Casing Packer (ECP), in off-bottom cementing application in Western Siberia. The client, one of the biggest operators in Russia, holds numerous oil fields in West Siberia region, around the city of Novi Urengoy. These fields represent a significant share of its overall …
Rosneft: Wins the Erginskoye License
Rosneft, based on the results of the auction, obtained the right to develop Erginskoye license area of federal importance. Acquisition value amounted to 20.7 bln rubles. Rosneft offered the best price at the auction having the maximal capabilities for the synergy and the most efficient scheme of the area’s development. …
Gazprom Neft: Completes Testing of Priobskoye Directional Wells
Gazprom Neft has completed testing of four directional wells (drilled to investigate reserves within the Bazhenov formation) at its concession within the southern area of the Priobskoye field (Khanty Mansiysk Autonomous Region). The results obtained have allowed the resolution of the key issue underpinning the first stage of this project: confirming the existence of live oil within …
Gazprom Neft Continues Independent Studies of Shale Oil Deposits
Gazpromneft-Khantos has started drilling the first horizontal well to explore the Bazhenov complex of the Palyanovsky deposit at the Krasnoleninsky field. This marks a new stage in Gazprom Neft’s study of shale oil deposits* at the field. The depth of the first well exceeds 3,200 metres and the horizontal borehole extends …
Yuganskneftegaz: Starts Two New Production Units
Rosneft subsidiary Yuganskneftegaz officially opened two new oil and gas production units at the Priobskoye field, oil and gas production unit–22 and oil and gas production unit–23. The creation of new production units in Yuganskneftegaz is caused by intensive commissioning of producing wells after drilling, construction of multiple well platforms …
Gazprom Neft: Hydrocarbon Production Up 4.2%
JSC Gazprom Neft has published its consolidated financial results, in accordance with International Financial Reporting Standards for FY 2013. The company’s financial performance in FY2013 as compared to FY2012 was positively affected by an increase in hydrocarbon production volumes and the resulting rise in product sales via premium channels (small …