Rosneft President Igor Sechin Held Working Visit to South Korea
Igor Sechin, Rosneft President and Chairman of the Management Board, held a working visit to the Republic of South Korea to hold talks with KOGAS and STX management on February 16. The parties discussed prospects for expanding cooperation in hydrocarbon production as well as development of transportation technologies. Source
Rosneft and ExxonMobil Expand Strategic Offshore Cooperation
Rosneft and ExxonMobil have agreed to expand their cooperation under their 2011 Strategic Cooperation Agreement to include approximately additional 600,000 square kilometers (150 million acres) of exploration acreage in the Russian Arctic, and potential participation by Rosneft (or its affiliate) in the Point Thomson project in Alaska. They have also …
Rosneft Signs Loan Agreements Worth $14.2 Bln with Group of International Banks
On February 13, 2013 Rosneft signed loan agreements for the total amount of U.S. $14.212 billion. The financing will be used to acquire a 50% stake in TNK-BP Ltd. from AAR (Alfa, Access, Renova) Consortium. The cost of the financing that is being arranged is one of the lowest at …
Wellook Implements WITSML Open Data Exchange Standard
Drilling a well is a costly process, with a high element of risk that requires strict monitoring. Controlling cost and minimizing risk is possible only with reliable, unbiased, and real-time information. A number of drilling process control systems developed in the 1990’s in the Russia Federation specifically used a set …
Russian Prime Minister Signs Government Order to Transfer 12 Russian Offshore Acreages to Rosneft
Russian Prime Minister Dmitry Medvedev has signed an order transferring the rights to develop 12 acreages on the Russian continental shelf to Rosneft. The order gives Rosneft the right to use 12 subsoil acreages located in the Barents Sea (Severo-Pomorsky-1, Yuzhno-Prinovozemelsky, Zapadno-Prinovozemelsky, Zapadno-Matveevsky and Russky), Kara Sea (Severo-Karsky), Chukchi Sea …
Rosneft Signs Long-Term Supply Deals via Druzhba Pipeline
On February 1, 2013 Rosneft President and Chairman of the Management Board Igor Sechin visited Hamburg to sign a contract for supply of crude oil via the Druzhba pipeline to Poland, where the crude will be purchased by PKN Orlen, owner of the Plotsk refinery. The amount of the contract …
Rosneft Posts Record 2012 Net Profit of RUB 342 Bln and Daily Hydrocarbon Production of 2.7 Mln Boepd, Signs Agreements on TNK-BP Acquisition
On 1 February 2013 Rosneft published its full audited consolidated IFRS financial statements for Q4 2012 and FY 2012. Key operating and financial highlights Q4 2012 Q3 2012 Change, % 2012 2011 Change, % Operating results Hydrocarbon production, th. boepd 2,823 2,729 3.4% 2,702 2,586 4.5% Crude oil production, th. …
Rosneft Head Igor Sechin Completes Working Visit to Venezuela
On January 29-30, Igor Sechin, President and Chairman of the Management Board at Rosneft, led a Russian delegation comprising representatives from INTER RAO UES, RusHydro, Uralmash NGO Holding and Kamaz, as well as Russian bankers and businessmen, on a working visit to Venezuela. The head of Rosneft held talks with …
Russian Delegation Led by Rosneft President Igor Sechin Begins Work in Venezuela
A Russian delegation led by Rosneft President Igor Sechin began work in Venezuela on 29 January. During the visit Igor Sechin, President and Chairman of the Management Board at Rosneft, will hold talks with Diosdado Cabello, head of Venezuela’s National Assembly, Venezuelan Vice President Nicolás Maduro, Rafael Ramírez, Venezuelan Oil …
Rosneft Brings its Highest Quality Standards to the Belgorod Region’s District Centers
Rosneft has launched two service stations in the Belgorod region. The opening ceremonies were held at service stations in the village of Ivnya and in the city of Stary Oskol. The conversion of a gas station into a service station in the village of Ivnya is one of the examples …