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 …
TNNC: How Well Spacing Patterns Affect Production After Fracturing
D.R. Gilmiev, Ph.D., A.P. Kovalenko, Ph.D. (TNNC LLC) Introduction When designing and planning zonal stimulation activity program for oil reservoirs with hydraulic fracturing, one of the problems is the proper selection of wells for fracking. This issue was covered in several studies [1-3]. Among these, study one [1], based on …
Varyeganneftegaz: Increasing Production with Smart Well Completions
M.S.Kuvakina (Varyeganneftegaz JSC) Introduction Recently, Russian oil and gas companies have been actively implementing horizontal wells during field development. Such wells allow increasing the reservoir contact area with well, raising the production rates and performance, as well as increasing the oil recovery factor (OR) from the field as a whole. …
Rosneft Completed 2015 Offshore Geological Exploration Program
Rosneft has completed its 2015 geological exploration program at offshore licenses. Seismic surveys using 2D method covered 20,434 line km in waters of the Kara Sea, the Chukchi Sea, and the Laptev Sea. For the first time 2D seismic exploration was carried out with support of an integrated information system, …
Rosneft: Chayvo Productions Hits Two Million Tons
Rosneft produced 2 millionth ton of oil since the production start at the Northern Tip of Chayvo field in 2014. The Northern Tip of Chayvo field is located in the Sakhalin shelf area. Currently, oil at the field is being produced from three extended-reach wells that are about 10 km …
LNG Congress Russia 2016: 16th to 18th of March
On 16-18 March, 2016 Moscow will host the 3-rd Annual LNG Congress Russia 2016. Within the framework of the Congress project operators will share key information on the implementation and construction stages of large, medium and small plants producing liquefied natural gas (LNG). Exhibition will also take part during the …