Zarubezhneft sold an export oil lot in the form of an online-auction for the first time

Zarubezhneft sold an export oil lot in the form of an online-auction for the first time

The Russian oil and gas company Zarubezhneft has completed a tender for the sale of 300 thousand tons of oil at the e-platform of the Saint-Petersburg International Mercantile Exchange (SPIMEX). The sale procedure has been conducted in the form of a two-stage bid requests using the online-auction.

Zarubezhneft reports record dividends and growing profits for 2019

Zarubezhneft reports record dividends and growing profits for 2019

Zarubezhneft JSC published the company's 2019 annual report. At the end of last year, the indicator of consolidated revenue according to IFRS increased by almost 1 billion rubles and amounted to 92.9 billion rubles.

Zarubezhneft launched a well with a unique initial flow rate for a field in the Republic of Cuba

Zarubezhneft launched a well with a unique initial flow rate for a field in the Republic of Cuba

Zarubezhneft JSC successfully launched the first horizontal well in the flowing mode with an initial oil flow rate of 52 tons/day at the Boca de Jaruco field in the Republic of Cuba. The uniqueness of the project is associated with the complexity of the production of extra-viscous oil (35 thousand mPa*s) on this project.

Gazprom Neft and Zarubezhneft have established a JV to develop «hard-to-recover» oil

Gazprom Neft and Zarubezhneft have established a JV to develop «hard-to-recover» oil

Gazprom Neft and Zarubezhneft have consummated a transaction for the establishment of a joint venture for the purpose of development of Salym sites in the Khanty-Manskiysk autonomous area-Yugra. JV shall become a platform for the development and testing of hard-to-recover oil production technologies

Zarubezhneft and its partners shall commence the development of the Block 09-2/09 offshore Vietnam

Zarubezhneft and its partners shall commence the development of the Block 09-2/09 offshore Vietnam

The Ministry of Industry and Trade of the Socialist Republic of Vietnam issued an adjusted investment license for the oil and gas Block 09-2/09 located on the continental shelf of the country on July 9, 2020. The shares of the participants in the project shall be distributed as follows: the project’s operator JV Vietsovpetro – 40%, Zarubezhneft JSC – 30% and Petrovietnam Exploration and Production– 30%.