RN-Vankor: 2016 Production Drilling Up 3%
By the end of 2016 RN-Vankor had increased the volume of production drilling, on the Vankor field cluster, by 3% compared with 2015 – up to 305.2 thousand meters.. This was facilitated by the increase in the volume of drilling in Suzun Tagul and deposits, as well as growth in …
Rosneft Oil Company has Successfully Closed the Transaction of Selling 15% Shares in Vankorneft JSC to ONGC Videsh Limited
Rosneft Oill Company and ONGC Videsh Limited have closed the transaction of selling 15% shares in Vankorneft JSC to an Indian company. This transaction shows that the project portfolio of Rosneft Oil Company can be re-evaluated more than twice. Base price of the transaction is USD 1.27 billion (about 83 …
Rosneft: Q1 2016 Results – Production Drilling Up 52%
Q1 2016 Operating Results – Average daily hydrocarbon production of 5.21 mmboe, an increase both compared to Q1 2015, and for two consecutive quarters (+2.5% compared to Q3 2015) – Production drilling grew by 52% with maintaining in-house OFS share above 50% – Gas production grew by 6% to 16.72 …
RN Vankor: Starts Drilling Operations at Tagulskoye
RN Vankor, a Rosneft subsidiary, started operational drilling at the Tagulskoye field. By the end of the year four production wells and one injection well are planned to be completed by drilling at the well pad №5. Drilling is being conducted using horizontal and directional methods in the reservoir of …
ONGC Videsh and India Oil Corporation: In Talks to Increase Stake in Vankorneft to 49.9%
ONGC Videsh along with Indian Oil Corporation (IOC), Oil India and Bharat Petroleum is in talks to buy about 35 per cent additional stake in Russia’s Vankor oil field in Siberia for close to dollar 3 billion. OVL, the overseas arm of the state-owned Oil and Natural Gas Corp (ONGC), …
Vankorneft: 100 millionth Ton Produced at the Vankor Field
Vankorneft, a Rosneft’s subsidiary, produced the 100 millionth ton of oil on the Vankor oil and gas condensate field launched in 2009. Advanced engineering solutions across all the stages of drilling, pumping, processing and transportation of Vankor crude contributed to the high output. Vankor has one of the industry-highest oil …
Rosneft Reports First Quarter Results ahead of the Geologists Day
Rosneft significantly increased the volume of geological exploration. Since the beginning of 2015, testing of four exploration wells was completed, a total of 28.5 thousand meters was drilled and the amount of Rub 10.819 bln. was invested in geological exploration operations. Nine seismic exploration projects were completed, including acquisition of …
Rosneft: Vankorneft Starts Construction of Suzun Field Pipeline
Vankorneft, a subsidiary of Rosneft, in compliance with the program of Suzun field development started construction of pressure oil pipeline to connect Suzun and Vankor oil fields. Total length of the oil pipeline will be 101 km. The project implementation became possible due to a complex of technical and managerial …
Rosneft and CNPC Signed a Framework Agreement on the Purchase of 10% Share Stake of Vankorneft
Rosneft and China National Oil & Gas Exploration and Development Corporation (CNPC subsidiary) have signed a framework agreement envisaging the purchase of a 10% share stake in ZAO Vankorneft. The document was signed on the sidelines of the APEC summit. The agreement was signed by Rosneft Chairman of the Managing …
Rosneft: FGC UES to Build Two New Substations for Vankor
The commissioning of new power plants Arsenal and Mangazeya in Purov district of the Yamalo-Nenets Autonomous Territory has taken place, which will provide permanent power supply of Vankor gas field. The building of substations (SS) and high-voltage transmission lines (HT) is the largest investment projects of recent years, realized in …