Rosneft Has Installed Monitoring Stations for Drilling Data with Artificial Intelligence Elements in Heavy Drilling Rigs
Rosneft has installed monitoring stations for drilling data with artificial intelligence in heavy drilling rigs. This was announced by Eric Liron, First Vice President of PJSC NK Rosneft, in his speech at the Vth Conference of the Upstream Technologies Company. “Over the past 5 years, the volume of drilling at the …
Syria Invasion Forces Russia To Halt Oil Projects
Russian oil giant Rosneft has temporarily suspended works at one block in Iraq’s semi-autonomous region of Kurdistan due to security concerns because of the blocks’ proximity to the Syrian border, Rosneft’s First Vice President, Eric Maurice Liron, said on Thursday. Rosneft has signed several agreements with Kurdistan dating back from 2017 and 2018 to …
Rosneft’s Arctic Projects In Trouble Unless They Can Secure $40 Billion In Tax Subsidies From Kremlin
On Thursday October 10, The Moscow Times reported that Rosneft’s ambitious Arctic plans could be put on hold if the company fails to secure 2.6 trillion rubles ($40 billion) in tax cuts from the Russian government. The state-owned oil company is looking to sell a 40% stake in one of its most …
Verkhnechonskneftegaz to Produce Additional 221 Thousand Tonnes of Oil Due to Introduction of Enhanced Oil Recovery Method
Experts of Verkhnechonskneftegaz JSC, a subsidiary of Rosneft Oil Company, have successfully implemented a physical and chemical method of enhanced oil recovery and achieved a 54% increase in additional oil production using this technology in 2018 compared to 2017. The method feature is to redistribute the volume of injected water …
Rosneft Discovers New Field Offshore Sakhalin
As part of its exploration campaign, Rosneft Oil Company has successfully completed the drilling of the first prospecting and appraisal well at the Vostochno-Pribrezhny license block on the shelf of Sakhalin Island, resulting in the discovery of a new oil field. The well was drilled by Rosneft’s own drilling contractor …
Rosneft Applies 3D-Seismic Surveys to Improve Production Drilling
Specialists of RN-KrasnoyarskNIPIneft LLC (a subsidiary of Rosneft’s Corporate Research and Development Complex) have completed a pilot project to re-process and re-interpret 3D-seismic data acquired during the exploration of the Vankor field in 2003-2005. The use of updated seismic data has allowed to reduce geological risks of drilling, as well …
Rosneft Held Extraordinary General Meeting of Shareholders
Rosneft’s Extraordinary General Meeting of Shareholders was held on 30 September, 2019 in form of absentee voting. Holders of 91.89% of the Company’s shares participated in the meeting. Shareholders approved the dividend payment for H1 2019 in the amount of 15 rubles 34 kopecks per one issued share of the …
Uzbekistan Says Three Upstream Gas Deals Close to Signing
Uzbekistan plans to sign at least three deals with large foreign energy companies this year and five more next year as it aims to boost its natural gas output, chief executive of state energy firm Uzbekneftegaz said on Friday. The list of potential partners in exploration and development agreements includes …
Rosneft: Company Statement on Venezuelan Operations
In connection with statements by US special envoy Elliott Abrams, Rosneft reaffirms its position regarding the Company’s operations in Venezuela. Rosneft is an investor in the oil and gas sector of Venezuela and has been such long before the introduction of US sanctions against Venezuela. Accordingly, any attempt to restrict the …
Rosneft: Begins Production Drilling at the Chaprovskoye Field
Rosneft has begun production drilling at the third field of the Erginsky cluster – Chaprovskoye. By the end of the year, it is planned to drill 8 directional and 4 horizontal wells. Drilling production wells based on the successful results of exploration is conducted by a specialized subsidiary of RN-Drilling Company using …