BP Rosneft share swap prohibited
BP announced today the arbitral tribunal has ruled that the interim injunction prohibiting closing of the share swap transaction with Rosneft will remain in place until further notice. However BP is now able to discuss the possibility of an extension of the April 14 deadline under which the share swap …
Production Output at the Vankor Field Reaches 20 Million Tonnes
The 20-millionth tone of crude oil was extracted from the depths of the Vankor oil field in Russia’s Krasnoyarsk region. Currently Vankor produces 39 thousand tons of crude oil per day. According to Vankorneft’s business plan, in 2011, production from the field will reach 14.8 million tons. This year, plans …
Rosneft Obtains License to Explore the Naulskoye Field in the Nenets Autonomous District
Rosneft acquired a license to explore the Naulsk oil field, located in the Nenets Autonomous District. The Company paid RUB 3.6 billion for the license at auction. It is assumed that OOO Severnaya Neft, a Rosenft subsidiary, will be the operator of the project. Severnaya Neft is already engaged in …
BP Remains Committed to Partner with Russia
BP announced today that an arbitral tribunal has ruled that the interim injunction issued to prevent BP’s proposed transaction with Rosneft, which includes Arctic exploration and a share swap transaction, from proceeding should continue. BP will now apply for a determination whether the share swap may proceed on its own. …
Russian Arctic Thaws with Rosneft-BP Deal
Mark Thomas Russia’s offshore arctic shelf has become one of the most scrutinized frontier oil and gas sectors in the world, thanks to the ground-breaking deal done between Rosneft and BP. But while most western observers have chosen to look at what the agreement means in terms of benefits for …
Multibranch horizontal well drilling at Udmurtneft OJSC
I.P. Zaikin, K.V. Kempf, O.L. Gotlib, S.V. Yefimov, S.V. Vykhrystyuk, A.M. Nasyrov Rosneft Oil Company OJSC, Udmurtneft OJSC Summary The following article looks at the experience of Udmurneft when using sidetracked wells to enhance oil recovery. Various configurations of sidetracked wells are looked at, including multibranch sidetracks. The efficiency of …
Rosneft fully replaced its oil reserves in 2010
According to the audit results, as of December 31, 2010, Rosneft had estimated net proved reserves of 22,765 mln boe, which include 18,110 mln bbl (2,487 mln tonnes) of oil and 27,931 bcf (791 bcm) of gas under the PRMS classification. In 2010 the oil reserve replacement ratio was 106%. …
Estimating Reservoir Permeability Through Well Logging
М. М. Khasanov, К. V. Тoropov, А. А. Lubnin, (NK Rosneft OJSC) Introduction Many major problems in the simulation of the hydrodynamic models of oil reserves are connected with profile estimations of the vertical distribution of permeability in drill-holes. Known methods of macro-scale (selective flow) permeability testing – drill-stem testing …
Cumulative production at Vankor reaches 15 million tons
Today Rosneft produced the 15-millionth ton of oil since the beginning of operation on Vankor field. The Vankor oil and gas field is located in the north of Krasnoyarsk Territory. Commercial oil production began in August 2009. 117 producing wells on 14 well pads deliver current daily production of 36,000 …
Rosneft Produced The 100 Millionth Ton of Oil
Today Rosneft produced the 100-millionth ton of oil since the beginning of 2010. At the time the Company was ahead of crude oil production plan by 1 million 384 thousand tons. The President of Rosneft Eduard Khudainatov congratulated the Company production block staff with the achievement and expressed his gratitude …