Rosneft, CNPC sign East Siberia pact

OAO Rosneft and China National Petroleum Corp. have signed a memorandum for a joint venture on upstream projects in East Siberia.

Development of Srednebotuobinsk oil and gas-condensate field will serve as the foundation for the future joint venture, with Rosneft holding 51% and CNPC 49%.

The field began producing oil earlier this month. A pipeline links the field to the Eastern Siberia-Pacific Ocean (ESPO) pipeline about 169 km away near the city of Lensk.

On Oct. 14, Rosneft consolidated 100% of Taas-Yuriakh Neftegazodobycha LLC into Rosneft subsidiary RN-Vostochnaya LLC. Taas-Yuriakh Neftegazodobycha holds production licenses for the Central and Kurungsk blocks of the Srednebotuobinsk field.

Related Articles

OTC: Total suggests Shanghai as Asian natural gas hub

05/07/2014 Shanghai, China, would be a natural geographic and market position for a natural gas hub in Asia, according to Laurent Maurel, Total senior vice-pr...

OTC: Robust US energy policy needed to strengthen economy, lawmaker says

05/07/2014 Anticipated energy demand worldwide by 2050 will be such that industry will need to produce similar levels of oil and natural gas compared with tod...

EIA forecasts higher summer gasoline prices

05/07/2014 According to the US Energy Information Administration’s most recent Short-Term Energy Outlook (STEO), regular gasoline retail prices are projected ...

Encana to acquire Eagle Ford acreage for $3.1 billion

05/07/2014 Encana Oil & Gas Inc., a wholly owned subsidiary of Encana Corp., has reached an agreement with Freeport-McMoRan Oil & Gas LCC, a subsidiar...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected