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 …
Production of Udmurtneft – A Joint Venture Between Rosneft and Chinese Sinopec – Reached 320 Million Tons of Oil
Udmurtneft, a joint venture between Rosneft and the Chinese Petrochemical Corporation Sinopec, has produced the 320-millionth tonne of oil since the field began operating in 1969. Udmurtneft became not only the largest oil producing company in the territory of Udmurtia, but also the first example of successful international cooperation between …
Rosneft and CNPC: Strengthen Oil Supply Cooperation
During the visit of the delegation headed by the President of the Russian Federation Vladimir Putin to Beijing (PRC), negotiations were held between PJSC Rosneft Oil Company and China National Petroleum Corporation (CNPC) and the Agreement was signed on the supply of 100 million tons of oil to China through Kazakhstan for …
Rosneft and CNPC Agreed to Cooperate in the Field of Low Carbon Development
Within the visit of the delegation headed by the President of the Russian Federation Vladimir Putin to Beijing (PRC), PJSC Rosneft Oil Company and China National Petroleum Corporation (CNPC) signed the Memo on Cooperation in the field of low carbon development. Signatures under the document were affixed by Igor Sechin, …
Bashneft: Increased the Number of Wells Drilled by 22%
ANK Bashneft (part of Rosneft Oil Company) drilled 254 new production wells in 2021, which is 22% more than in the previous year. The successful implementation of a set of geological and technical measures, along with other factors, made it possible to significantly exceed the oil production plan in 2021. An …
The 25 millionth Ton of Oil was Produced at the Messoyakha Project
The cumulative production of Messoyakhaneftegaz, a joint venture between Rosneft and Gazprom Neft, has exceeded 25 million tons of oil since the start of the development of the Vostochno-Messoyakhskoye field. Currently, about 500 production wells in the licensed area provide a daily production of 18 thousand tons of oil equivalent. In …