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 …
BP: Purchases 20% of Taas-Yuryakh Neftegazodobycha LLC from Rosneft
Rosneft and BP announce the completion of the transaction to sell a 20 per cent share of Taas-Yuryakh Neftegazodobycha LLC to the British company. The joint venture between Rosneft and BP based on Taas-Yuryakh Neftegazodobycha LLC will continue further development of the Srednebotuobinskoye oil and gas condensate field which is …
Rosneft: 9M Results – 16% Increase in Revenue with Improved Credit Profile
Commenting the results for 9M 2015, I.I. Sechin, Chairman of Rosneft Management Board, said: “Despite of challenging economic environment, the Company keeps improving its efficiency. This is demonstrated by keeping operating costs in rouble terms at sustainable level in conditions of 12.0% increase in industry prices. Preserving the cost base …
Rosneft: Q3 Results – Production Up 1.4%, Drilling Up 32.6%
Upstream – Daily HC production increased by 1.4% up to 5.14 mboed in 9M 2015 – Increase in drilling meterage by 32.6% in 9M 2015. Share of horizontal wells in total fund exceeded 30% – Fourfold growth rate of 2D seismic resulted from active works in Arctic region – Sustainable …
RN-Exploration and ExxonMobil Declared Winners of the Mozambique License Round
RN-Exploration (100% Rosneft subsidiary) and ExxonMobil Exploration and Production Mozambique Offshore Limited were declared winners for 3 blocks in the fifth license round organized by the Republic of Mozambique Institute of National Petroleum (Instituto Nacional de Petróleo). The global partnership of Rosneft and ExxonMobil is of a strategic nature, the …
Rosneft and the Ministry of Foreign Affairs Signed an Agreement of Cooperation
Rosneft and the Ministry of Foreign Affairs of the Russian Federation signed an Agreement of cooperation. The document was signed by Rosneft Chairman of the Management board Igor Sechin and the Minister of foreign affairs of Russia Sergey Lavrov. The agreement will allow boosting the level of coordination between Rosneft, …