Rosneft Switching to IFRS Financial Reporting
Rosneft is to begin preparing its consolidated financial reporting in accordance with International Financial Reporting Standards (IFRS) starting from the first quarter of 2012. The Company previously compiled its financial reporting in accordance with US GAAP. Rosneft is switching to IFRS to meet the requirements of the federal law On …
Rosneft and ITERA Group Sign Strategic Cooperation Agreement
Rosneft and ITERA Oil and Gas Company have signed a strategic cooperation agreement for joint exploration and development of gas deposits in Russia. The agreement signed by Rosneft President Eduard Khudainatov and ITERA Oil and Gas Company Chairman of the Board of Directors Igor Makarov envisages the possibility of establishing …
Rosneft Holds Public Hearings on Seismic Research Programmes on Two Kara Sea Blocks
Public hearings were held in the city of Archangelsk to discuss seismic research programmes in the Kara Sea on two blocks licensed to Rosneft – East Prinovozemelsky-1 and East Prinovozemelsky-2 – which the Company is developing jointly with US oil and gas major ExxonMobil. Residents of Archangelsk and public organisations …
Rosneft: Reservoir Interpretation Increases Drilling Efficiency
R.I. Abdrakhimov, R.R. Galiyev, D.D. Suleymanov T.S. Usmanov, Chem.Dr. (LLC “RN-UfaNIPIneft”) I.S. Afanasyev, Physics-Math. Dr. (OJSC “NC “Rosneft”) Introduction The Neocomian section in Western Siberia was formed through the gradual lateral infilling of debris into a relatively deep sea basin. For most of the territory, the source of the debris …
Rosneft: The Final Frontier, Hydrocarbon Potential in the Eastern Arctic
N. A. Malyshev, Dr. of Geology and Mineralogy, V.V. Obmetko, PhD Geology and Mineralogy, A.A.Borodulin (Rosneft) Introduction Today, Rosneft’s activities cover most of the hydrocarbon producing regions of Russia: the Timano-Pechora oil and gas basin, the Volga territory, Northern Caucasus, East and West Siberia and the Far East. Along the …
ROGTEC Editors Note Issue 26
Dear Readers, I hope you have all enjoyed the summer – it was good to catch up with everyone during the shows. From our point of view, we were very proud to showcase our 25th issue at the Caspian Oil & Gas Exhibition and MIOGE, which were both a great …
BREAKING NEWS – ROSNEFT AND EXXONMOBIL TO JOIN FORCES IN THE ARCTIC AND BLACK SEA OFFSHORE, ENHANCE CO-OPERATION THROUGH TECHNOLOGY SHARING AND JOINT INTERNATIONAL PROJECTS
Rosneft and ExxonMobil have executed a Strategic Cooperation Agreement under which the companies plan to undertake joint exploration and development of hydrocarbon resources in Russia, USA and other countries throughout the world, and to commence technology and expertise sharing activities. – $3.2 billion exploration program planned for Kara Sea and …
Rosneft Discovers New Deposit in Krasnodar Region
Rosneft geologists have discovered a new high-yield oil deposit in the western part of the Sladkovsko-Morozovsky oil and gas region of the Slavyansko-Temryuksky license field in the Krasnodar Region. Recoverable reserves are initially estimated at over 500,000 tons of oil. The first well in development is Zapadno-Mechetskaya No. 4 at …
Solids Control: Maximizing Efficiency and Reducing Cost
Introduction Well construction technology that is currently used not only causes surface disruptions, but also affects physical and chemical conditions at depth during the penetration of reservoir beds while drilling. Substances contaminating the environment during well drilling include various chemical reagents used for the preparation of drilling fluids, and cleaning …
The Bazhenov Suite: Unlocking the Potential
The Bazhenov Suite is now considered as a strategically important asset in terms of prospects for the Russian Oil industry. Rosneft is currently developing these deposits in the Salymskoye project (LLC “RN-Yuganskneftegaz”) and is planning its expansion. In 2010, the company adopted the Innovative Targeted Program (ITP) – “The Development …