Orenburgneft Invests 1.5 Billion Roubles in Green Programmes in 2021
Orenburgneft (Rosneft’s producing asset) invested 1.5 billion roubles in environmental protection and restoration activities in 2021. Main environmental activities include key projects related to improving pipeline reliability, rational use of associated petroleum gas, efficient management of water and energy resources, land reclamation and biodiversity conservation, as well as continuous monitoring …
Rosneft’s Board of Directors Approved Resumption of Share Acquisition Program
The Board of Directors of Rosneft resolved to resume the Program for open-market acquisition of Company’s shares and global depositary receipts certifying the rights to such shares (hereinafter, the Program), and to extend the Program deadlines until December 31, 2023. At the same time, the scope and other parameters of …
bp: to Exit Rosneft Shareholding
The bp board today announced that bp will exit its shareholding in Rosneft. bp has held a 19.75% shareholding in Rosneft since 2013. Additionally, bp chief executive officer Bernard Looney is resigning from the board of Rosneft with immediate effect. The other Rosneft director nominated by bp, former bp group …
Bashneft: will Reduce the Time for Well Testing by 150 times
To increase the efficiency of well survey, specialists from ANK Bashneft (part of Rosneft) began using Russian-made wireless dynamographs*. The new equipment has already been installed at 245 wells that are producing oil using rod pumps. In 2022, the number of new dynamographs will be increased to almost 2,000 units. At the first …
Bashneft: Replenishes Oil Reserves by 305% in 2021
ANK Bashneft (part of the Rosneft Oil Company) in 2021 increased its AB1C1 oil reserves by 43.2 million tons in 2021 through exploration, new acquisitions and reassessment of the reserves of producing fields, which made it possible to replenish annual production by 305% . Bashneft’s systematic work to build …
Tyumenneftegaz: Reduced the Well Drilling Cycle
The Tyumenneftegaz company, which is part of the oil and gas production unit of NK Rosneft, reduced the drilling cycle of production multilateral wells to 20.9 days in 2021. This is 11.6% less than a year earlier. The economic effect from the reduction in drilling time amounted to more than 7 million …
Rosneft: Financial Results for 4Q and 12M 2021
Commenting on 12M 2021 financial results Rosneft’s Chairman of the Management Board and Chief Executive Officer Igor Sechin said: “At the end of 2021, the Company’s Board of Directors approved the strategy “Rosneft-2030”: Reliable Energy and Global Energy Transition”, which takes into account the current trends related to the climate …
Rosneft: Operating Results For 4Q 2021 and 12 months of 2021
ESG In December 2021, the Company’s Board of Directors approved a new strategy ‘Rosneft-2030: Reliable Energy and Global Energy Transition’ targeting reduction of greenhouse gas emissions along with further improvement of the Company’s operational and financial efficiency of. As part of the new strategy, Rosneft sets a ‘Net Zero’ target …
Economic Effect from the Implementation of the Orenburgneft Production Efficiency Program Exceeded 3 Billion Rubles
The Orenburgneft company, which is part of the oil production complex of NK Rosneft, at the end of 2021 received an economic benefit of more than 3 billion rubles from the implementation of the program to improve production efficiency. Systematic work to improve production efficiency is a key element of …
The Economic Effect from the Introduction of Innovative Solutions at Rosneft Amounted to 12 Billion Rubles
At the end of 2021, Rosneft received an economic benefit in the amount of 12 billion rubles due to the introduction of innovative solutions in its operations. The development of fundamental science and technological potential are the most important components of Rosneft’s strategy. Ensuring Russia’s technological sovereignty is one of the Company’s …