Schlumberger: Holds Completions Technology Customer Meetings
During first quarter of 2020 the first Completions technology day was held in Moscow Russia with the participation of over 50 representatives from Russian NOC as well as IOC Customers, including Rosneft, Gazpromneft and Shell. Schlumberger Moscow Research Center (SMR) hosted this event. Within two days interactive sessions following topics were …
East Siberian Oil and Gas Company: Begins Development of the Yurubcheno-Tokhomskoye field
The East Siberian Oil and Gas Company (part of Rosneft) drilled the first production well in the Vendian deposits of the Yurubcheno-Tokhomskoye field in the Evenki municipal district of the Krasnoyarsk Territory. The layers of the Vendian deposits lie on the surface of the most ancient productive Riphean deposits on …
Messoyakhaneftegaz Becomes the First Company in Russia to Implement a Unique Associated-Petroleum-Gas (APG) Utilisation Project
Messoyakhaneftegaz, a Gazprom Neft—Rosneft joint venture, has commissioned an underground gas storage facility at its Messoyakhsky license block. This is the first time in Russia’s domestic oil industry that associated petroleum gas (APG) at one field has been utilised at undeveloped gas-bearing strata at another. Implementing this unique project will allow Messoyakhaneftegaz to address its target of taking APG utilisation …
RN-Vankor: Discovers the Novoognennoye Field with Reserves of 20m Tons of Oil
RN-Vankor, which is part of the oil and gas production complex of NK Rosneft, has discovered a new field on the border of the Krasnoyarsk Territory and the Yamalo-Nenets Autonomous District. The recoverable reserves of the Novoognennoye field have been put on the state balance sheet and amount to over …
Rosneft: Q1 2020 Operating Results – Production Down 1% qoq
AVERAGE DAILY HYDROCARBON PRODUCTION AMOUNTED TO 5.75 MMBOE LIQUID HYDROCARBONS PRODUCTION AMOUNTED TO 4.64 MMBPD UNDER OPEC+ AGREEMENT GAS PRODUCTION CONSTITUTED 16.63 BCM PROGRESS IN THE DEVELOPMENT OF KEY PRODUCTION ASSETS WITH EMPHASIS ON NEW TECHNOLOGIES IMPLEMENTATION REFINING THROUGHPUT AT THE COMPANY’S REFINERIES AMOUNTED TO 28.7 MMT, INCREASING BY 1.4% …
Rosneft: Q1 Financial Results – Oil Price Hits Numbers
Positive free cash flow of USD 3.5 bln in spite of lower crude oil prices EBITDA decreased by more than a third on the back of sharp decline in oil prices Negative Net income due to RUB depreciation and revaluation of foreign currency denominated liabilities Effective control over the costs: …
RPI: Taymyr Will Support the Drillers
In early February this year, at a meeting between the President of the Russian Federation and the Head of Rosneft, the implementation of the largest production project in decades was launched – the development of hydrocarbon reserves of the Taymyr Peninsula in synergy with the fields of the Vankor cluster. …
Rosneft Signs Contract with Indian Oil to Supply 2 Million Tonnes of Oil to India
Rosneft Oil Company and Indian Oil Corporation Limited (IOCL) signed a contract to supply up to 2 million tonnes of oil to India via the port of Novorossiysk by the end of 2020. The signing took place during the visit of the Chief Executive Officer of Rosneft Igor Sechin to …
Rosneft Implements Unique Project on Injecting APG in Underground Gas Storage
Verkhnechonskneftegaz, an enterprise of the upstream complex of Rosneft Oil Company, has implemented an associated petroleum gas (APG) efficient utilisation project. For the first time in East Siberia, the technology for injecting APG in a temporal underground gas storage facility has been applied at the Verkhnechonskoye field. The uniqueness of …
RN-Uvatneftegaz Discovers New Oil Field Sosnovoye
RN-Uvatneftegaz, a subsidiary of Rosneft Oil Company, has discovered a new oil field, Sosnovoye, with total C1+C2 reserves of 4.2 million tonnes. An industrial oil flow with a flow rate of more than 22 cubic metres per day was obtained at an appraisal well. The Sosnovoye field is located within …