Platts: Sanctions Not Affecting Russia As Deeply As Planned – Drilling Volumes Up Significantly
International sanctions against Russia introduced in 2014 turned out not to be the bogeyman they first seemed to be, and could in fact have played a key role in helping the Russian oil sector to not only handle the sharp price drop over the last year and a half, but …
Rosneft and Statoil Commence Well Testing at the North-Komsomolskoye Field
Rosneft and Statoil commenced testing of two production wells of highly viscous oil of the PK1 layer of the North-Komsomolskoye field. The companies are implementing pilot operation of the horizontal wells constructed using best practices related to inflow control and consolidation of entrained solids. Average starting flowrate amounts to75 t …
Rosneft and GE Develop Joint Manufacturing in Russia
Rosneft and General Electric signed a long-term cooperation program. The document involves construction plan of joint ventures for production of marine, oil and gas, and electrical equipment to ensure timely construction and commissioning of production facilities. In particular, Rosneft and GE will continue their cooperation in developing ship-building projects of …
RN-Uvatneftegaz: Starts Oil Production at the Zapadno-Epasskoye Field
RN-Uvatneftegaz, a Rosneft subsidiary, started commercial oil production at Zapadno-Epasskoye field, a new field of the Uvat project. The field is located 250 km away from the village of Uvat within the Ust-Tegussky license area. Its recoverable oil reserves amount to over 17 mln mt. Currently the field’s well stock …
Rosneft: ONCG Videsh Takes 15% of Vankorneft
Rosneft and ONGC Videsh Limited signed an Agreement of Confirmation of successful completion of the first stage pre-completion actions in relation to the creation of a joint venture in JSC “Vankorneft”. The document was signed in the presence of the President of Russia Vladimir Putin and the Prime Minister of …
Rosneft, Oil India and Indian Oil Corporation Signed a MoU For Taas-Yuryakh Neftegazodobycha
Rosneft, Oil India Limited and Indian Oil Corporation Limited signed a Memorandum of Understanding for cooperation for geologic survey, exploration and production of hydrocarbons onshore for Taas-Yuryakh Neftegazodobycha. The document was signed in the presence of the President of Russia Vladimir Putin and the Prime Minister of India Narendra Modi …
ConocoPhillips Exits Russia
U.S. oil and natural gas producer ConocoPhillips sold its stake in a joint venture with Russian state oil company Rosneft, exiting the country after more than 25 years, the Financial Times reported. The exit from Russia comes about five years after ConocoPhillips sold its biggest sole asset in Russia, a stake …
Rosneft Divest its Shares in LLC POLAR LIGHTS COMPANY
Rosneft announces the closing of the transaction for the divestment of 50% shares of LLC POLAR LIGHTS COMPANY. The deal was implemented on favorable terms for the Company and fully complies with Rosneft strategy aimed at the optimization of the assets’ portfolio. In accordance with the confidentiality agreement the parties …
Orenburgneft: Forecasting Drilling Mud Loss through Interval Wellbore Pressure Testing
А. A. Voronin (OJSC Orenburgneft) AAVoronin@rosneft.ru Introduction Based on experience, in almost all of the wells drilled in the Orenbourg region there is a mud loss issue at various intervals, where the probability of mud loss occurring, during drilling, is approximately 50%. Frac gradient data which is included into the …
GlobalData: Russian Oil Companies Looking to the Americas to Boost International Long-Term Positions
Key Russian oil companies have refocused on strengthening their international positions through the acquisition of exploration and production assets in geographies outside Russia, with countries in the Americas providing a number of potential partnerships in the long term, according to analysts with research and consulting firm GlobalData. – Following sanctions …