Rosneft, Statoil move forward with shale cooperation in Samara

OAO Rosneft and Statoil ASA are pushing ahead with plans to assess commercial feasibility of production from the Domanik shale formation in the Samara region.

The companies Dec. 6 signed an operating agreement to set up a joint venture. Rosneft will have 51%, Statoil 49%. The pact follows a June signing of a heads of agreement.

A 3-year pilot program in 12 license blocks will include data acquisition followed by drilling and hydraulic fracturing of pilot wells. After the pilot program, Rosneft and Statoil will jointly select blocks for commercial development.

“If successful, we believe this could be a world-class shale oil asset,” said Helge Lund, Statoil chief executive officer.

Related Articles

Petrobras begins drilling in Libra field offshore Brazil

08/21/2014 Petroleo Brasileiro SA (Petrobras) has spudded the first appraisal well in the presalt Libra field 200 km offshore Brazil. Its target depth will re...

Second-phase of Halfaya field in Iraq starts production

08/21/2014

The second phase of development of giant Halfaya oil field in Iraq has started crude oil production, reported China National Petroleum Corp.

DNO reaffirms commitment to Kurdistan operations

08/21/2014 DNO International ASA remains committed to its operations in Iraq’s Kurdistan region despite the area’s recent crises, noted Bijan Mossavar-Rahmani...

Angolan oil flow seen above 2 million b/d

08/20/2014

Angola will produce 2.1-2.2 million b/d of crude oil by 2016, predicts Moody’s Investors Service.

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