Orenburgneft entered in the commercial development of three new fields
JSC “Orenburgneft”, a subsidiary of Rosneft, has started commercial operation of three new oil fields in the South Orenburgskoy region – Bolotovskogo, Eastern and South — Bolotovskogo. Their initial recoverable reserves of AV1B2 categories are 5.4 million tons of oil. The introduction of new fields is part of a large-scale …
Zoltav Resources: Appoints Tigran Tagvoryan as Chief Executive Officer
Zoltav (AIM: ZOL), the Russia-focused oil and gas exploration and production company, announces the appointment of Tigran Tagvoryan as Chief Executive Officer (non-board) of the Company effective immediately. Mr Tagvoryan joined Zoltav in November 2018, initially as Deputy Chief Executive Officer. He has significant senior level project development, finance, management and …
RN-Uvatneftegaz: Reserve Replacement Running at 238%
Replenishment of oil reserves of RN-Uvatneftegaz, a subsidiary of Rosneft, amounted to 238% in 2018. Replacement reserves of industrial categories АВ1С1 amounted to 25.2 million tons. High rates of exploration and drilling allowed to achieve such growth. According to the exploration program, 17 exploratory and exploratory wells were built on …
Tyumenneftegaz: Achieves 30% Increase in Downhole Splitter Drilling at the Russkoe Field
Tyumenneftegaz, a Subsidiary of Rosneft, drilled 15 downhole splitters at Russkoe field in 2018, which is 30% more year-on-year. All the drilled horizontal wellbores and laterals are over 16 000 km in length. This technology enables increasing a start-up oil rate by 20-30%, as compared to a conventional horizontal well. Given geology …
RDCR 2019: Agenda Released!
With 5 weeks to go until Russia’s largest Well Engineering Forum, the organisers are proud to release the agenda. Did you know that no other forum in Russia attracts so many delegates from the drilling and production teams of Russia’s large, medium and smaller operators? At TMG Worldwide, we pride …
Rosneft Publishes Operating Results for Q3 and 9M 2018
Upstream Hydrocarbon production amounted to 72.4 mmtoe (5.83 mmboed) in Q3 2018 and 211.8 mmtoe (5.75 mmboed) in 9M 2018, exceeding the level of Q2 2018 and 9M 2017 by 3.3% and 0.5% respectively. EFFICIENT PRODUCTION RECOVERY RESULTING FROM OPEC+ LIMITATIONS EASING Q3 2018 AVERAGE DAILY HYDROCARBON PRODUCTION REACHED 5.83 MMBOE, DEMONSTRATING …
Azerbaijan’s SOCAR in Talks to Develop Oil Field in Russia
Azerbaijan’s state oil company SOCAR is in talks with Russia’s Rosneft, Gazprom and Novatek over the development of an oil field in Russia, SOCAR Vice President Elshad Nasirov told reporters Nov. 1 in Minsk, Reuters reported. Nasirov also said that SOCAR had proposed extending its gas contract with Gazprom to …
SamaraNIPIneft: Developing SAGD Technology for Heavy Oil
Specialists of SamaraNIPIneft LLC (part of the Rosneft Corporate Research and Development Complex) have developed a technology for the development of deposits of high-viscosity oil, which consists of additional drilling of an injection well with thermal effects on the formation. This solution allows to achieve a 30% increase in the …
Russian Oil Production: October Hit 11.4 million barrels per day
Oil production in the Russian Federation in October reached 1.554 million tons per day, or 11.4 million barrels per day. This was reported in industry statistics. This is about 453 thousand barrels per day more than Russia’s obligations under the transaction to limit OPEC and non-OPEC countries. In addition, this …
Rosneft: Sets New Daily Drilling Record
Rosneft set a new record for the daily drill drilling industry, drilling 56,708 meters. The previous record also held by Rosneft – a little less than a year ago the drilled 53,094 meters. The growth in the drilling performance became possible due to the improvement in drilling planning and management system and the …