Rosneft Wins Auctions for Three Blocks in the North of Krasnoyarsk Territory
Rosneft Oil Company has won auctions for the Mezeninskoye, Severo-Dzhangodskoye, and Yangodskoye licence blocks located in the Dolgano-Nenets municipal district of Krasnoyarsk Territory. Rosneft succeeded in placing the best bid at the auctions due to the Company’s top capacity for synergies and the most efficient block development plan. Rosneft is …
Rosneft for the First Time in the World Conducted Hydraulic Fracturing in Sandstones Using a Synthetic Polymer-Based Fluid
Specialists of JSC NK Kondaneft, a subsidiary of Rosneft, for the first time in the world performed hydraulic fracturing in sandstones using a fluid based on a synthetic polymer. An innovative solution allows to increase the effective length of rock cracks up to 30% compared to standard methods, which is especially …
Oil from the Russkoye Field has Started to be Delivered to the Trunk Pipeline System
Tyumenneftegaz, a part of Rosneft’s oil production complex, has started the delivery of the first oil from the unique Russkoye field to the Zapolyarye-Purpe trunk pipeline system. It was possible to increase the efficiency of oil transportation thanks to the completion of construction and commissioning of the first launch complex …
Rosneft: Operating Results H1 2019 – Production Up 1.8%
H1 2019 AVERAGE DAILY HYDROCARBON PRODUCTION AMOUNTED TO 5.81 MMBOE, DEMONSTRATING A 1.8% GROWTH YOY H1 2019 AVERAGE DAILY LIQUIDS PRODUCTION REACHED 4.68 MMBPD, UP BY 2.1% YOY SAMOTLOR FIELD PRODUCTION STABILIZED AT 0.38 MMBPD GAS PRODUCTION IN H1 2019 AMOUNTED TO 33.43 BCM, UP BY 0.3% YOY REFINING DEPTH …
Rosneft: Financial Results H1 2019 – Income Up 9%, Debt Down
EBITDA increased by 12% YoY to RUB 1,063 bln with a margin improvement to 25% 1H 2019 Net income jumped by 9% YoY to RUB 325 bln, including by 1.5 times QoQ to RUB 194 bln Reduction of financial debt and trading liabilities by more than RUB 800 bln since …
Rosneft to seek compensation from Transneft for drop in oil output
Russia’s biggest oil producer Rosneft said for the first time that it will claim compensation from pipeline monopoly Transneft for a drop in oil output due to the contamination in the Transneft network earlier this year. Topics: ROSNEFT RUSSIA OIL The contamination, first discovered in April in Belarus, led to the stoppage of …
RN-Purneftegaz Implements Technology to Increase Well Productivity
Specialists from RN-Purneftegaz, a subsidiary of Rosneft, have implemented modern technology that improves well productivity and extends production period. The development is based on the use of directed gas-dynamic effects on the bottomhole formation zone. As a result of pilot tests, the volume of additional oil production at four inclined injection wells …
Representatives of Leading Investment Companies Visit Rosneft Production Facilities in Eastern Siberia
Representatives of leading investment companies visited the production facilities of Rosneft Oil Company in Eastern Siberia. The event was attended by more than 30 analysts from global investment banks (including Bank of America Merrill Lynch, Morgan Stanley, Goldman Sachs, UBS, Credit Suisse, JP Morgan) and portfolio managers from investment funds …
Rosneft Project in Solimões Basin Awarded with Priority Status
The government of the Brazilian state of Amazonas assigned the priority status to Rosneft’s project in the Solimões Basin. According to the letter of intent signed between Rosneft Brasil (a 100% subsidiary of Rosneft) and the government of the Brazilian state, regional authorities are to provide conditions for the implementation …
Russia to Set Up Oil Deposits Cluster to Tap Huge Arctic Energy Reserves
Russia’s oil major Rosneft said it will start developing a cluster of oil fields in the Arctic region, which is believed to hold some of the world’s largest remaining untapped oil and gas reserves. According to the head of Rosneft Igor Sechin, preliminary estimates suggest that, starting from 2027 the …