Rosneft: Pobeda Oil Surpasses the Brent Oil and Siberian Light Quality Benchmarks
Research workers of the corporate TomskNIPIneft institute finalized the studies on the physical and chemical properties and composition of oil produced from the Universitetskaya-1 well drilled in the Kara Sea, which discovered a new arctic field named Pobeda. The results of the studies were presented to Rosneft Head Igor Sechin …
Rosneft: 9M Results – Production Up 5%, Forex Hits Net Income, Dividend to be Paid
In 9M 2014, Rosneft produced 5.1 mmboed of hydrocarbons, which is 5.0% higher than in 9M 2013. The Company’s daily hydrocarbon production is in excess of 5 mln for the third quarter in a row. The Company’s daily production of oil and liquids stabilized at 4.2 mmbd. In September 2014, …
Rosneft and ExxonMobil Complete JV Formation to Develop Tight Oil Reserves in Western Siberia
Rosneft and ExxonMobil today signed documents establishing a joint venture to implement a pilot project for tight oil reserves development in Western Siberia as part of the implementation of the agreement on strategic cooperation. Rosneft will hold 51 percent interest and ExxonMobil will hold 49 percent interest in this project. …