Rosneft

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 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 …

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 …

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 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 …

During the St. Petersburg International Economic Forum, Rosneft, Vnesheconombank and VEB Leasing signed a Strategic Cooperation Agreement on project financing and provision of  property leasing, leaseback and rent services for carrying out Rosneft and its subsidiaries operations. The Agreement provides for long-term leasing of production equipment  to Rosneft Group: drilling …

As part of XXII St. Petersburg International Economic Forum, Rosneft and Bashvzryvtechnologii signed an agreement on cooperation in the area of oilfield services. The document defines the main principles of mutually beneficial long-term cooperation through the implementation of joint oilfield service activities and the provision of services in such areas …

As part of the XXII St. Petersburg International Economic Forum, Rosneft and Moscow machine building experimental plant composite technologies (MMEZ-KT) concluded an agreement on cooperation to implement and use composite materials in the operational cycle of oil and gas production. The agreement with MMEZ-KT provides for the production and testing …

Russia’s Rosneft has quit Eurasia, an early-stage oil exploration project in Kazakhstan, while Shell has joined it, an executive of the Kazakh company involved in the project said on Monday. The Eurasia project focuses on exploring a geological area known as the Caspian Depression in western Kazakhstan by drilling ultra-deep …

Messoyakhaneftegaz, the Rosneft—Gazpromneft joint venture, has produced its five millionth tonne of oil at the Vostochno-Messoyakhskoye field — an achievement that has required just over 18 months’ commercial production at Russia’s northernmost oil and gas condensate field. Production at Messoyakha is currently running at more than 11,400 tonnes of oil per day. Development of the hard-to-recover reserves here has involved the …