RN-Vankor: Discovers the Novoognennoye Field with Reserves of 20m Tons of Oil
RN-Vankor, which is part of the oil and gas production complex of NK Rosneft, has discovered a new field on the border of the Krasnoyarsk Territory and the Yamalo-Nenets Autonomous District. The recoverable reserves of the Novoognennoye field have been put on the state balance sheet and amount to over …
Russian Oil Giant Prepares Massive $157 Billion Arctic Oil Project
Rosneft is preparing to lead an Arctic oil field development project that will cost an estimated $157 billion (10 trillion rubles). Reuters quoted Russia’s Deputy Energy Minister Pavel Sorokin as announcing the price tag of the Vostok Oil project to media last week, adding that the Kremlin had already agreed on a …