Oil Production at the Vostochno-Messoyakhskoye Field Reaches Five Million Tonnes
Messoyakhaneftegaz, the Rosneft—Gazpromneft joint venture, has produced its five millionth tonne of oil at the Vostochno-Messoyakhskoye field — an achievement that has required just over 18 months’ commercial production at Russia’s northernmost oil and gas condensate field. Production at Messoyakha is currently running at more than 11,400 tonnes of oil per day. Development of the hard-to-recover reserves here has involved the …
Rosneft: Operating Results for Q1 2018
Q1 2018 AVERAGE DAILY HYDROCARBON PRODUCTION AT 5.71 MMBOE, CLOSE TO Q1 2017 LEVEL LIQUIDS PRODUCTION INCREASED BY 0.3% QoQ NEW UPSTREAM PROJECTS CAPACITY GROWTH IN LINE WITH THE APPROVED PLANS Q1 2018 GAS PRODUCTION AMOUNTED TO 16.9 BCM REFINING QUALITY IMPROVEMENT: LIGHT PRODUCTS YIELD REACHING 58.8%, REFINING DEPTH – …
Rosneft: Financial Results for 1Q 2018
Revenue growth by 22% to RUB 1.72 trln in 1Q 2018 EBITDA increase by 15.6% up to RUB 385 bln in 1Q 2018 Net income jumps by more than by 7 times to RUB 81 bln Considerable improvement in free cash flow to RUB 142 bln Short-term financial liabilities cut …
Gazprom Leads in Total Production Outlook Among NOCs to 2020, says GlobalData
Among national oil companies (NOCs) considered – Gazprom, Rosneft Oil Company, Statoil, Oil and Natural Gas Corporation Ltd. (ONGC), Ecopetrol SA and Petróleo Brasileiro S.A. (Petrobras), and Petroliam Nasional Berhad (Petronas) – Gazprom has the highest remaining reserves for producing, planned and announced fields, with 84.5 billion barrels of oil …
Additional Provisions to Rosneft-2022 Strategy and New Initiatives Focused on Shareholder Value Creation
Rosneft Board of Directors approved additional initiatives to “Rosneft-2022” Strategy taking into account the message of the President of the Russian Federation Vladimir Putin to the Federal Assembly. As previously announced, Rosneft-2022 key strategic focus is to increase profitability and returns on the existing assets. Our portfolio is comprised of …
Rosneft: Operating Results for Q4 and 12 months of 2017
HYDROCARBON PRODUCTION ROSE BY 6.5% TO 5.72 MMBOED IN 2017 LIQUIDS PRODUCTION INCREASED BY 7.3% IN 2017 GAS PRODUCTION WAS UP BY 2.0% TO 68.41 BCM IN 2017 LAUNCHING THE KEY PROJECTS ON TIME REFINING QUALITY IMPROVED: LIGHT PRODUCT YIELD REACHING 58.4%, REFINING DEPTH – 75.2% Upstream Hydrocarbon production reached 5.71 mmboed in …
Rosneft: Financial results for 4Q 2017 and 12М 2017
2017 revenue growth by 20.6% YoY in RUB terms to RUB 6 trillion 2017 EBITDA increase by 9.8% YoY in RUB terms to RUB 1.4 trillion and by 24.4% YoY in USD terms to USD 24 billion 2017 net income growth by 27.6% in RUB terms and by 40.7% in …
Rosneft: Reducing Drilling Time – Combined Production String and Multi Stage Fracturing Completions
History of Success RN-Yuganskneftegaz (RN-YuNG) is a major oil company, and part of NK Rosneft. Formed in 1977, it has 26 oil fields under development located in Khanty-Mansiysk, Western Siberia. RN-YuNG has also been developing relatively new fields such as Priobskoe and Prirazlomnoe that feature a relitively low depletion of …
Rosneft: Enhancing Oil Production in Mature Fields Through the Use of Mud Logging in Horizontal Wells
R. R. Minikeev, OOO “Petroviser” D. E. Golubkov, OAO “NK Rosneft” Introduction The main aim of the oil industry, at present, is to increase operational efficiency and increase production in mature fields. One way to achieve this is to drill lateral and horizontal wells and to combine this with the …