Uncategorized

Rosneft and ExxonMobil Started Field Studies in the Shelf Area of the Laptev Sea

Rosneft and ExxonMobil started 2D seismic exploration at the Anisinsko-Novosibirsky and Ust-Oleneksky license blocks in the Laptev Sea. 2D seismic exploration work plans to acquire up to 6 thousand linear km, and will last until the end of October. Alongside geophysical research a license wide bathymetric survey of the seabed …

READ MORE →
Uncategorized

EDC: 1H Results – Revenues Down, Income Down, Horizontal and Lukoil Drilling Metres Up

Eurasia Drilling Company Limited, the leading onshore & offshore drilling service provider in the CIS, today releases its Interim Consolidated Financial Results, prepared in accordance with US GAAP, for the six month period ended June 30, 2014. The reviewed 2014 Interim Consolidated Financial Statements for the six months ended June …

READ MORE →
Uncategorized

Rosneft and North Atlantic Drilling Signed an Exchange of Assets Agreement

Rosneft, Seadrill Limited and North Atlantic Drilling Limited (NADL) signed a Framework Agreement that envisages long-term cooperation in the sphere of oilfield development projects. The document foresees the acquisition by Rosneft of NADL shares through an exchange of assets and investments in NADL charter capital. Moreover agreement’s options contemplate a …

READ MORE →
Uncategorized

Rosneft Completely Restored the System of Meteorological Observations in the Kara Sea

As part of a large-scale summer Arctic research expedition “Kara-Summer – 2014” a meteorological station was installed that meets the latest modern requirements for such equipment, on the island of Uedinenie. Thus, the expedition organized by the “Arctic Research and Development Center” (a joint venture of “Rosneft” and ExxonMobil), with …

READ MORE →
Uncategorized

NADL – North Atlantic Drilling: Announces Acquisition of Land Drilling Rigs in Russia

North Atlantic Drilling Ltd.  is pleased to announce that an agreement has been signed whereby NADL will purchase a significant portion of Rosneft’s land drilling fleet in Russia. Approximately 150 rigs will be acquired along with an award of new 5 year contracts with Rosneft for these units. Following the …

READ MORE →
Uncategorized

Fifth Anniversary of Commercial Oil Production Start on Vankor Field

The commercial production of Vankor oil, gas and condensate field started on September 21, 2009. In the period of five years more than 85 mln tons of oil and condensate were produced here. At the moment daily production exceeds 60 thousand tons of oil. The oil field with unique geological …

READ MORE →
Uncategorized

Rosneft and Statoil Start Exploration Operations on the Norwegian Continental Shelf in the Barents Sea

18th of August, Rosneft together with Norwegian company Statoil Petroleum AS started exploration operations at the Pingvin License PL713 prospect in the Norwegian section of the Barents Sea. The first exploration well Pingvin-1 will be drilled by the Transocean Spitsbergen rig. The water depth is 422 meters and the drilling …

READ MORE →
Uncategorized

Rosneft: Looks to Tap State for $41bn Rb to Bridge Sanction Funding gap

Igor Sechin, the head of Russian oil giant Rosneft, has asked the government to provide the company with 1.5 trillion roubles ($41.6 billion / £24.9 billion) to help the company weather western sanctions, the Vedomosti newspaper reported on Thursday. Under the plan, the state would spend money from its National Wealth …

READ MORE →
Uncategorized

Rosneft and ExxonMobil’s Karmorneftegaz Start Drilling With West Alpha in the Kara Sea

Rosneft and ExxonMobil joint venture company Karmorneftegaz began drilling of Universitetskaya-1, the Russian Federation’s northernmost well using the Karmorneftegaz rig. The start of the drilling was launched by Russian President Vladimir Putin during a teleconference with head of Rosneft Igor Sechin and head of ExxonMobil Russia Glenn Waller who were both …

READ MORE →
Uncategorized

Rosneft and Russian Geographical Society Launch Elaboration of Program on Arctic Scientific Development

Member of the Rosneft Board of Directors, RF President’s Special Envoy for International Cooperation Representative in the Arctic and Antarctic Artur Chilingarov took part in a meeting of the Arctic Council member states, observer states and representatives of scientific community under the aegis of the Russian Security Council in the …

READ MORE →