Rosneft: Operating Results for 9M 2017 – Production Up 9.7%
Rosneft’s hydrocarbon production reached 70.5 mmtoe in Q3 2017 (5.67 mmboed) and 210.8 mmtoe in 9M 2017 (5.72 mmboed). Growth was at 0.7% QoQ and at 9.3% YoY. 9M 2017 AVERAGE DAILY HYDROCARBON PRODUCTION ROSE BY 9.7% TO 5.72 MMBOEPD 9M 2017 LIQUIDS PRODUCTION INCREASED BY 11.0% YoY 9M 2017 …
Rosneft: Financial results for 3Q 2017 and 9М 2017
Commenting the results for 3Q 2017 and 9M 2017, Rosneft Chairman of the Management Board and Chief Executive Officer Igor Sechin said: “In 3Q 2017 the Company continued executing the key upstream projects, developing the trading and commercial “hubs” that ensured the revenue and EBITDA growth in the quarter, achieving …
Sakhalin-1: Drills Worlds Longest Horizontal Well
Rosneft Oil Company, as part of the Sakhalin-1 Consortium, has successfully completed drilling from the Orlan platform at the Chayvo well in the Sea of Okhotsk, the longest well in the world. The length of the well with a horizontal end is 15000 m, which for today is a world …
Rosneft and National Iranian Oil Company Sign Oil and Gas Strategic Cooperation Agreement
During the visit of the Russian President Vladimir Putin to the Islamic Republic of Iran Rosneft Oil Company and National Iranian Oil Company signed the “Road Map and Key Terms of Strategic Cooperation in the Field of Oil and Gas”. This document confirms the parties high level of interest in …
Rosneft: Continues Looking to India – Sechin Meets with Prime Minister Narendra Modi
As part of CERAWeek international gathering of energy industry leaders held in New Delhi, Rosneft Chief Executive Officer Igor Sechin and the Prime Minister of India Narendra Modi discussed the prospects of further cooperation between Rosneft and its Indian partners as well as creating favorable conditions for development of Rosneft …
Rosneft: Managed Pressure Drilling in Low Pressure Formations
The main objectives and results of the first MPD trial job in the Yurubcheno-Tokhomskoye field are presented in this article. Based on the result of this job the conclusion for this technologies utilization in highly fractured carbonate formation can be assessed. The utilization of this technology is focused on increasing …
VCNG: Proppant Optimisation in the Low Temperature Verkhnaya-Chona Field
This article discusses the initial results of the low-temperature proppant chemical consolidation technology testing after fracking at low temperatures in the Verkh-nechonsky field of Verkhnechonskneftegaz. The tests showed the following effects: a decrease in proppant backflow during completion and operation of the well; increase in ESP time between failures; decrease …
Rosneft and Statoil: Sign SevKomNeftegaz Agreement for the Development of the North Komsomolskoye Field
RN-Exploration and Production LLC, Rosneft subsidiary and Statoil Russia AS, Statoil ASA subsidiary, signed the shareholders and operating agreement at the Eastern Economic Forum. The document is signed with regards to SevKomNeftegaz LLC, an enterprise that will serve as a basis for a future North-Komsomolskoye joint field development. The Document was signed in elaboration …
Rosneft: China’s CEFC in Talks to Buy Stake
CEFC China Energy, which has grown from a niche oil trader to a sprawling energy conglomerate, is in talks to acquire a stake in Russian state oil giant Rosneft (ROSN.MM), three people with direct knowledge of the discussions said. The people said senior executives at both companies were in preliminary …
Igor Sechin: USA Sanctions To Backfire on US Energy Majors
New U.S. sanctions imposed on Russia will have negative consequences for the United States and backfire on U.S. energy majors, Igor Sechin, chief executive officer of Russia’s largest oil producer Rosneft, said on Thursday. U.S. President Donald Trump grudgingly signed into law new sanctions against Russia on Wednesday, a move …