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FSUOGM PROJECTS & COMPANIES FSUOGM

Rosneft starts drilling at next Uvat field

RUSSIA RUSSIA’S Rosneft has kicked off production Pikhtovoye was discovered in 1992 and is part
drilling at another oilfield at its Uvat project in of the Tyamkinsky cluster of Uvat fields.
Western Siberia. The Uvat project consists of over 40 fields
The company began the development work and has been a key source of growth in Ros-
at the Pikhtovoye field in the north of the Uvat- neft’s portfolio in recent years. Its largest fields
sky district of Russia’s Tyumen region. The field are Ust-Tegusskoye and Urnenskoye. Rosneft’s
holds 8.5mn tonnes (62.3mn barrels) of recover- RN-Uvatneftegaz subsidiary that manages the
able oil reserves, according to Rosneft. Uvat project produced 213,000 barrels of oil
Pikhtovoye’s reserves are classified as hard- equivalent per day (boepd) last year, including
to-recover, Rosneft said, with their develop- 206,000 boepd of crude oil.
ment requiring the use of horizontal drilling Uvat was formerly owned by BP-Russian joint
and hydraulic fracturing. The company plans to venture TNK-BP, which was taken over by Ros-
drill wells from two pads from a rig attached to neft in 2013.™
a conveyor.

NEWS IN BRIEF

RUSSIA CNPC signed a heads of agreement (HoA) fourth quarter and the whole next year,”
for natural gas pipeline deliveries from Finikov said.
Gazprom may raise gas Western Siberian fields to China. rose to 34% in the third quarter, he added
Gazprom’s share on the European market
Gazprom and CNPC signed the
supplies to China via Memorandum on Underground Gas Storage Gazprom Export, said Gazprom expects
Andrei Zotov, a department director at
and Gas-fired Power Generation in China
Siberia in 2016. In December 2017, Gazprom and its exports to Europe at 171–172bn cubic
CNPC entered into the HoA to supply gas
meters in 2020.
Russian gas monopoly Gazprom CEO from Russia's Far East to China. The weighted average price of Gazprom’s
Alexey Miller and China National Petroleum In 2020, Gazprom began to evaluate supplies to Europe is expected at U.S. $128-
Corporation (CNPC) chairman Dai Houliang Mongolia's gas supply capacity of up to 50 130 per 1,000 cubic metres this year, he
have considered the prospect of increasing bcm of gas annually. added.
gas deliveries through the Power of Siberia Gazprom and Mongolia signed a
pipeline by an additional 6bn cubic metres memorandum of understanding (MoU)
above the current level of supplies, reports in December 2019. The paper allows for Russian energy minister,
New Europe. a joint evaluation of the viability of the
In October and the first twenty days of Russia-China pipeline gas supply project Iraqi deputy PM discuss
November, daily average volumes surpassed through Mongolia. A memorandum of
contracted sums from Chinese party intent (MoI) was signed in August 2020 cooperation
demand, Gazprom said. to create a special-purpose corporation.
On November 12, the daily surplus The company will be set up in Mongolia to Russian Energy Minister Nikolai Shulginov
reached a record high of 25%. According to perform a feasibility study for a gas trunkline and Iraqi Deputy Prime Minister and
the sales and procurement deal, Gazprom is development and service project. Foreign Minister Fuad Hussein have
planning to scale up gas deliveries in 2021. discussed prospects of energy cooperation
The pipeline gas supply transits from in the OPEC+ alliance, the Energy Ministry
Russia to China via the Power of Siberia 2 gas Gazprom sees reasons for said in a statement on November 26
pipeline through Mongolia, via the western following a meeting between Shulginov and
route, and from Russia's Far East, Gazprom growth of gas exports to Hussein.
said. “During the meeting, the sides discussed
Stable and scalable gas supplies Europe current and promising energy projects
are important to achieving China's of Russian companies in Iraq in general,
environmental targets that enable industrial Russian gas giant Gazprom sees reason cooperation in the oil and gas sector and
and domestic customers to use less coal. to expect further growth of gas exports upgrades of power facilities,” the statement
Gazprom's major China affiliate is CNPC, to Europe to more usual levels during the read.
a state-owned oil and gas company. Siberia's fourth quarter of 2020 and throughout Shulginov said that combined investment
capacity is Russia's main gas delivery grid. 2021, Alexei Finikov, deputy head of of Russian companies in the Iraqi fields
In Russia's Far East and China, the trunkline financial and economic department, said exceeded $10bn.
provides gas. It exports 38bn cubic metres of during a conference call on November 30. “Work under the declaration of OPEC+
gas per year. “The positive dynamics on the gas cooperation also plays an important role.
On May 21, 2014, Gazprom and CNPC market that we have been observing in I would like to thank the Iraqi side for
signed a 30-year sales and purchase deal to Europe in recent months give us reason constructive work in the framework of
supply Russian gas along the eastern route. In to expect further recovery of exports to OPEC+ and for the efforts to stabilize the
2015, along the western route, Gazprom and Europe to more usual levels during the oil market. Taking into account active

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