Rosneft Started Production at the Sakhalin-1 Arkutun-Dagi Field
The participant companies of the Sakhalin-1 consortium are pleased to note that all the works for the start of the commercial oil production at the Arkutun-Dagi field were conducted in strict compliance with the approved schedule, determined technological specifications and subject to all the industrial and ecological safety legislations. Berkut …
Rosneft: East Messoyakha Reserves Up 32%
Recoverable oil and condensate reserves of C1 category of the East Messoyakha field increased by 49.7 mln t (32% growth) in 2014 , reaching 204 mln tons. The net recoverable oil and condensate reserves of C1+C2 categories of West Messoyakha and East Messoyakha fields totals about 480 mln tons. The …
In 2014 Rosneft and General Electric Accomplished a Training Program for the Employees of the Oil Company
Rosneft and General Electric have accomplished a training program for managers and engineers of the Company. The project was realized as part of the strategic partnership between Rosneft and General Electric. Modern challenges of global energy oblige leading companies of the world invest in human development. Rosneft treats this field …
Rosneft Increases its Stake in the National Oil Consortium to 80% of Shares
Rosneft and Lukoil signed a package of legally binding documents regarding Rosneft’s acquisition of 20% share in the National Oil Consortium LLC (NOC). Due to this deal the share of Rosneft in the charter capital of NOC will increase to 80%, with the remaining 20% owned by Gazprom Neft. Consolidation …
Rosneft Started Experimental Production at Turonian Deposits of Yamal
Rosneft started experimental production of tight gas reserves of the Turonian field at the Kharampurskoye field, situated at the territory of the Yamalo-Nenets Autonomous District. First produced gas is already delivered to the gas booster station of the Kharampurskoye field. In order to engage tight reserves into upstream, the Company …
LUKOIL Agrees to Sell Its Interest in National Oil Consortium
OAO LUKOIL and OAO Rosneft Petroleum Company signed a package of legally binding documents regarding the sale of LUKOIL’s interest in OOO National Oil Consortium (NOC), in Moscow today. LUKOIL intends to sell its 20% stake in the authorized capital of the NOC, established by Russian oil companies in October …
Rosneft & Morgan Stanley Terminate Global Oil Merchanting Purchase Due to Regulatory Blocks
Rosneft and Morgan Stanley had to terminate the contract to sell Morgan Stanley’s Global Oil Merchanting business to Rosneft Oil Company dated 20 December 2013 due to an objective impossibility to complete the deal that has arisen as a result of regulatory clearances being refused. Having invested substantial efforts in …
Rosneft & Morgan Stanley Terminate Global Oil Merchanting Purchase Due to Regulatory Blocks
Rosneft and Morgan Stanley had to terminate the contract to sell Morgan Stanley’s Global Oil Merchanting business to Rosneft Oil Company dated 20 December 2013 due to an objective impossibility to complete the deal that has arisen as a result of regulatory clearances being refused. Having invested substantial efforts in …
Rosneft: Repays $7bn Of TNK-BP Finance Loan
Rosneft announces it repaid part of a loan obtained to finance the acquisition of TNK-BP. On December, 22 The Company paid to lenders around USD 7 bln. In such a manner, the overall amount paid throughout the year totaled USD 24 bln, in full accordance with the credit agreement. Rosneft …
Rosneft Board of Directors Approves 2015-2016 Business Plan
On December 18, Rosneft’s Board of Directors reviewed preliminary results of the Company’s performance in 2014 and approved the 2015-2016 plan. According to preliminary data, in 2014 the Company’s growth in reserves exceeded planned rates and is expected to reach over 450 million TOE. In particular, drilling of the world’s …