Rosneft

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 …

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 …

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 …

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 …

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 …

The research and development expedition to investigate ice and metocean conditions in the Russian arctic organized by The Arctic Research and Design Center (the Rosneft and ExxonMobil JV) with the support of Arctic and Antarctic Research Institute experts has started in the White sea. Scientific research vessel Akademik Tryoshnikov departed …

Rosneft announces the close of the deal for the acquisition of land drilling and workover assets of Weatherford in Russia and Venezuela The closure marks the realization of the agreement signed in July 2014 by Rosneft and Weatherford International plc. Rosneft acquires 8 companies (part of the Weatherford group) involved …

€1.9 billion ($2.5 billion) is the largest award ever made by ECtHR by a factor of twenty-one times. 31 July 2014, London: Today the European Court of Human Rights (ECtHR) in Strasbourg announced its largest ever award of Just Satisfaction. The award of €1.9 billion ($2.5 billion) to YUKOS Oil …

North Atlantic Drilling  is pleased to announce that 6 binding offshore contracts have been executed with Rosneft Oil Company. The total revenue potential for the six contracts exclusive of mobilization is approximately US$4.25 billion. According to the agreement, any break rights expire after 100 days. The executed contracts include 5 …

Rosneft and North Atlantic Drilling Ltd. have entered into long-term offshore drilling contracts. The transaction contemplates employment of six offshore drilling rigs until 2022 with the purpose of carrying out Rosneft offshore projects, including harsh environment. After the signing, Igor Sechin stated: “Entering into long-term offshore drilling agreements will allow …