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 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 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 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
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%.