RN-Uvatneftegaz: Has Produced 5 Millions Tons of Oil
RN-Uvatneftegaz, a subsidiary of “Rosneft”, has extracted 5 million tons of oil since the beginning of the development of the Uvat group of fields of Central, including the Tyamkinskoye, South Petegskoe, Radonezh and Protozanovskoe field. The total average daily production is more than 3.6 thousand Tons of oil. The development …
Rosneft: New Approach to Well Logging Data in Horizontal and Deviated Wells
Horizontal and extended reach drilling has been steadily growing over the last decades. The geological and geophysical data acquired as a result of such drilling has traditionally been used to evaluate the quality of the drilled sediments. The total field and prospect parameters were obtained and calculated based on data …
Rosneft Strengthens Cooperation with China
Rosneft and China’s CNPC signed an amendment to the agreement envisaging additional supplies via Kazakhstan and the prolongation of the contract signed on 21.06.2013 till 31.12.2023. Deliveries from 01.01.2017 to 31.12.2023 will amount 70 mln t, whilst the total volume of the supplies (including 21 mln t delivered previously) will …
Eni Sells a 30% Stake in the Shorouk Concession, Offshore Egypt, to Rosneft
Eni has agreed to sell to Rosneft a 30% participating interest in the Shourouk Concession, offshore Egypt, where the supergiant gas field Zohr is located. Eni, through its subsidiary IEOC, currently holds a 90% stake in the block following the recent dilution of 10% to BP which completion is ongoing. …
Rosneft: Glencore and Qatar Buy 19.5%, $11bn Stake
Commodity trader Glencore Plc and Qatar’s sovereign wealth fund agreed to buy a 10.2-billion euro ($11 billion) stake in Russia’s largest oil producer from the state in a triumph for President Vladimir Putin over sanctions imposed by the West. Glencore, Qatar state fund to split 19.5% stake in Rosneft Deal …
RDCR – Announces the Advisory Board
The RDCR is pleased to announce the following advisory board for the 2017 RDCR, Drilling and Completions Roundtable. The advisory board will lend their support and technical expertise to guide and direct the direction of the sessions and discussions. We are very grateful to have their input into the event. …
Alexei Ulyukayev, Economy Minister, Detained Over Alleged Bribe Related to Rosneft’s Purchase of Bashneft
Russian investigators said on Tuesday they had detained Economy Minister Alexei Ulyukayev in a bribery case linked to a $5 billion acquisition by state oil giant Rosneft, a surprise move that may expose fault lines in Vladimir Putin’s inner circle. Ulyukayev, a 60-year-old technocrat whose ministry has been overseeing a …
Rosneft: Sells 20% of Verkhnechonskneftegaz to the Beijing Gas Group Company for $1.1bn
Rosneft and Beijing Gas Group Company Limited (hereinafter, “Beijing Gas”) signed a Purchase and Sale Agreement and a Shareholder and Operating Agreement for the sale of a 20% stake in Verkhnechonskneftegaz (a Rosneft subsidiary) to the Chinese company, an Agreement on the Area of Mutual Interest in respect of the …
Weatherford: Award Best Directional Drilling Company of the Year by Rosneft
Weatherford Russia was recognized as the Best Directional Drilling Company of the Year by Rosneft at the second specialized Exploration and Production Technologies 2016 Сonference held in Moscow October 4 and 5, 2016. Rosneft, the world’s largest publicly traded petroleum corporation, acknowledged its top contractors in several categories for performance excellence …
Rosneft: Completes $5.3bn Bashneft Asset Purchase
Under the Government of the Russian Federation Decree dated October 10, 2016 Rosneft carried out necessary corporate actions to prepare for and execute the acquisition of the Government’s stake in Bashneft Public Joint Stock Company representing 50.0755% of its charter capital. The Company Board of Directors unanimously approved Rosneft’s potential …