RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2015-09-04 18:30:00

ROSNEFT SELLS 15%

РОСНЕФТЬ ПРОДАЕТ 15%

Rosneft and Indian ONGC Videsh Limited during the Eastern Economic Forum signed the agreement of sale and purchase of 15% in Vankorneft and shareholders agreement in regard of the enterprise management. The document was signed by the Chairman of Rosneft Management Board Igor Sechin and Managing Director of ONGC Videsh Limited Narendra Verma.

Parties intend to complete the transaction upon getting necessary regulatory and other approvals.

ONGC Videsh will have two places in the Board of Directors of Vankorneft. Rosneft will create an operator company that will allow more efficient management of both Vankor field and other Company's licenses in this region.

The agreements on considering acquisition of minority share in Vankorneft by ONGC Videsh were reached on 8th of July 2015 during the meeting between the President of the Russian Federation Vladimir Putin and Prime Minister of the Republic of India Narendra Modi in Ufa.

Commenting on the signed document Igor Sechin said: "Collaboration in such a large-scale project will allow establishinga brand new level of strategic cooperation between Rosneft and ONGC Videsh. This will accelerate the development of our partnership, in other large-scale oil and gas upstream projects in the region. Such a short time between reaching the agreements and signing the document testifies to the high level of credibility between us and the Indian partners which guarantees efficient joint work".

-----

Vankorneft, Rosneft subsidiary, was established in 2004 for development of Vankor oil and gas condensate field – the largest of the fields, discovered and put into operation in Russia in the last 25 years. The field is situated in the Turukhansky district of Krasnoyarsk Territory, 142 km away from the city of Igarka. The initial recoverable reserves of the Vankor field by the January 1st 2015 are estimated at 476 mln. tons of oil and condensate and 173 bln. cubic meters of gas. The acreage of the field is 447 square km.

In 2014 Vankor produced 22 mln tons of oil which exceeds the results of 2013 by more than 3%. The daily output is more than 60, 000 tons. Thanks to implemented technological solutions, oil recovery factor at Vankor is one of the highest in Russia. The field is drilled with the inclined- and production- injection wells with horizontal ending which provides high well flow rates. The process of oil production is fully automated.

Oil transportation is carried out through the 556-km long main oil pipeline Vankor-Purpe. The oil produced at the field is one of the main sources for packing the Eastern Siberia – Pacific Ocean pipeline.

rosneft.com

-----

More: 

ROSNEFT DOWN 36% 

ROSNEFT BUYS MULTI-FRACKING 

ROSNEFT INCREASED DRILLING 27% 

ROSNEFT VS SANCTIONS 

ROSNEFT & STATOIL DRILLING

 

 

 

Tags: РОСНЕФТЬ, ROSNEFT, ONGC
Chronicle:
РОСНЕФТЬ ПРОДАЕТ 15%
2022, July, 5, 12:09:00
6TH ANNUAL LNG SUMMIT USA
The 6th Edition of Wisdom’s Much Acclaimed Annual LNG Summit Will Be Held Live in Houston - PREPARING THE INDUSTRY FOR THE RISE IN DEMAND FOR LNG
РОСНЕФТЬ ПРОДАЕТ 15%
2022, July, 5, 12:08:00
9TH INTERNATIONAL LNG CONGRESS LNGCON 2023
9th International LNG Congress (LNGCON 2023) 6-7 March, 2023 Link to the Congress website: https://bit.ly/3tXVmr7
РОСНЕФТЬ ПРОДАЕТ 15%
2022, July, 5, 12:05:00
GLOBAL NUCLEAR SMR STANDARDIZATION
Senior nuclear regulators and industry leaders met for the first time under the IAEA’s Nuclear Harmonization and Standardization Initiative (NHSI) on 23-24 June to discuss roadmaps to accelerate the safe and secure deployment of advanced nuclear reactors, with a particular focus on small modular reactors (SMRs).
РОСНЕФТЬ ПРОДАЕТ 15%
2022, July, 5, 12:00:00
RUSSIAN NUCLEAR FOR EGYPT
El-Dabaa - Egypt's first NPP - is to be built in the province of Matruh on the Mediterranean coast, about 300km north-west of Cairo.
РОСНЕФТЬ ПРОДАЕТ 15%
2022, July, 5, 11:55:00
STRONG OIL VOLATILITY
Last week we saw major volatility on the Oil tabs especially on the Bearish alignment,as the rangebound zones maintained within the Crude Oil WTI
РОСНЕФТЬ ПРОДАЕТ 15%
2022, July, 5, 11:50:00
RUSSIAN LNG CONTROL
The decree created a new Russian firm that will take over all rights and obligations of Sakhalin Energy Investment Corporation.
РОСНЕФТЬ ПРОДАЕТ 15%
2022, July, 5, 11:45:00
WORLDWIDE RIG COUNT UP 78 TO 1,706
The Worldwide Rig Count for May was 1,706, up 78 from the 1,628 counted in May 2022,and up 381 from the 1,325 counted in May 2021.
All Publications »