Verkhnechonskoye

You could say that the first major day of oil production in Eastern Siberia was the first batch of oil produced from the Verkhnechonskoye Oil and Gas Condensate Field (VCNG), which is located in the north of the Irkutsk Oblast. But as the VCNG development progressed, processes limiting the oil …

The construction time of a horizontal well at the Verkhnechonskoye oil and gas condensate field has been significantly reduced thanks to drilling a 178-mm production casing interval in a single run using the QuadCombo logging suite. The Verkhnechonskoye field keeps embracing optimization of well drilling and construction. To date, the …

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 …

Verkhnechonskoye oil and gas condensate field produced the 30-millionth ton of oil since the beginning of commercial operating in October 2008, when Verkhnechonskneftegaz started supplies of oil to Eastern Siberia – Pacific Ocean oil pipeline. The record became possible due to effective geologic technical operations and implementation of ground infrastructure …

Crude oil and liquids production equaled 4,196 th.bpd (organic growth 1%), gas production reached a record high figure of 38.17 bcm (organic growth 22%). The Company stabilized production of its largest West Siberia assets, including Samotlorneftegaz, Nizhnevartovsk, Varieganneftegaz, and Nyaganneftegaz. The brownfield successes have been primarily driven by employment of …

Rosneft‘s daily hydrocarbon production reached 4.9 mmboe, EBITDA amounted to RUB 947 bln supported by hydrocarbon production growth, increased efficiency and integration of new assets. Crude oil and liquids production equaled 4,196 th.bpd (organic growth 1%), gas production reached a record high figure of 38.17 bcm (organic growth 22%). The …

Rosneft’s CEO Igor Sechin said its planned $55 billion takeover of rival oil company TNK-BP would yield $3-$5 billion in synergies, largely on projects in new provinces in Russia’s north and east. Sechin, speaking on a conference call a day after Rosneft announced it would buy British major BP  and …

The field development plan for the Verkhnechonskoye (VC) oil and gas condensate field provides for over 500 horizontal wells to be drilled between 2007-2021. To meet this schedule and the production targets of up to 10 million tons of oil per year, it was necessary to significantly improve the well …