Rosneft Produced One Millionth Ton of Oil at the Northern Tip of Chayvo Field
On May 25, Rosneft produced one millionth ton of crude oil at the Northern Tip of Chayvo field on the shelf of the Sakhalin Island. This milestone was reached just eight months after drilling of the first well at the field was completed in September 2014 from the onshore site. …
Rosneft Sets Another Drilling Speed Record
Another record of commercial drilling speed at the continental part of Russia was set at Ust-Tegusskoye field of RN-Uvatnefregaz, a Rosneft subsidiary. 2849 m – deep controlled directional well No.2948 was drilled in 7.5 days with the drilling speed of 11441 MTR/RIG per month. This rate extends the uppermost figures …
Surgutneftegas: Denies Rosneft Share Acquisition
Given the recent publications in national and foreign mass media with reference to the Bloomberg news agency regarding the allegedly intended acquisition of Rosneft shares by OJSC “Surgutneftegas” the press-centre of OJSC “Surgutneftegas” declares that the contents of the above mentioned publications have no grounds whatsoever. Rumors being spread, in …
Rosneft BOD Extends the Terms of Authority of Igor Sechin for 5 years
Rosneft Board of Directors held a scheduled meeting. In compliance with the guidelines of the Government of the Russian Federation Rosneft BoD appointed Igor Sechin CEO of the Company starting May 24, 2015. In accordance with the corporate Charter of Rosneft the Board of Directors approved the contract with Igor …
Vankorneft: 100 millionth Ton Produced at the Vankor Field
Vankorneft, a Rosneft’s subsidiary, produced the 100 millionth ton of oil on the Vankor oil and gas condensate field launched in 2009. Advanced engineering solutions across all the stages of drilling, pumping, processing and transportation of Vankor crude contributed to the high output. Vankor has one of the industry-highest oil …
Rosneft: To Form Rosneft Gaz to Compete with Gazprom?
A Rosneft representative refused to comment on the possible creation of a gas offshoot, Rosneft Gaz. One of the sources explained that “the idea to spin off company’s businesses has been discussed.” State-owned Rosneft plans to spin off its gas business into a subsidiary, Forbes reported citing sources aware of the situation.According to the sources, …
NADL: Confirms Framework Delay
On August 22, 2014 North Atlantic Drilling Ltd. announced that it had entered into a Framework Agreement between NADL, Seadrill and Rosneft Oil Company (“Rosneft”). On November 7, 2014, the closing of the transaction was delayed until the end of May 2015. Today, all parties have mutually agreed to extend …
Rosneft Delays NADL Rig Deal Till 2017
Rosneft and North Atlantic Drilling Limited have agreed to extend the termination date of the Framework Agreement signed on August 20, 2014 until May 31, 2017. Additionally, the parties have agreed to renegotiate the terms and characteristics of the transactions contemplated in the Framework Agreement and the terms of the …
RPI: Offshore Field Development in Russia: Are the Sanctions an Opportunity for Russian Companies to Fill the Void?
Vadim Kravets In mid-February 2015, the third round of EU sanctions targted a number of Russian officials and nine new companies were introduced. Previously, in late summer and early autumn 2014, the U.S., EU, Japan and Canada introduced, in two rounds, sanctions againstw certain individuals and sectors of Russia’s economy …
Rosneft: Improving Well Completions – Sealing Wellbore Leakage
B. A. Erka (Doctor of Science), A. V. Khabarov, N. A. Gerasimenko Tyumen Petroleum Research Center Because of the growing volume of hard-to-recover reserves in the portfolios of operating companies, and due to drilling deeper wells in more complex geology (development of oil rims) we are facing more and more …