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 …
Statement by OJSC Rosneft Oil Company
On January 14, 2011 OAO Rosneft and BP signed an agreement on a joint venture for the development of the Russian Arctic shelf based on licensed areas, “East Prinovozemelsky 1-2-3, sharing a 9.5% stake in Rosneft for 5.0% of the shares of BP and the formation of a global strategic …
Arbitral Panel Permits Conditional Completion of BP-Rosneft Share Swap-Subject to Rosnefts Consent and Assignment of Arctic Opportunity to TNK-BP
The arbitral panel has today issued a consent order permitting BP and the Alfa-Access-Renova (AAR) consortium to assign the Arctic opportunity to TNK-BP, subject to Rosneft consent. The order also permits the proposed share swap between BP and Rosneft to proceed subject to Rosneft having consented to assign the Arctic …
BP Welcomes Rosneft as New Partner in German Refining Joint Venture
BP today welcomed Rosneft as its new partner in its German refining joint venture, Ruhr Oel GmbH (ROG). This follows the completion of the deal announced last October in which BP’s existing partner, PdVSA of Venezuela, agreed to sell its 50 per cent interest in the joint venture to Rosneft. …
Rosneft Posts 50% Growth of EBITDA and Generates USD 3.3 bln of Free Cash Flow
In Q1 2011, Rosneft’s revenues increased by 36.3% year-on-year, to USD 20,123 mln. The increase was due to higher crude oil and petroleum product prices as well as due to the growth in sales volumes by 4.9%. Rosneft’s EBITDA amounted to USD 6,653 mln in Q1 2011, which is 1.5 …
Lukoil and Rosneft Sign a Deal on Long-term Cooperation
President of Rosneft Eduard Khudaynatov and Head of Lukoil Vagit Alekperov signed an agreement on long-term cooperation between their companies. Deputy Prime Minister Igor Sechin was present during the signing ceremony. Capitalizing on the successfully developing cooperation between the two companies and striving for improved profitability of existing projects, Rosneft …