Rosneft drills world’s longest well in Sakhalin

MOSCOW, 16/11/2017.

Rosneft, as a member of Sakhalin-1 Consortium, successfully completed drilling of the world’s longest well from Orlan platform at Chaivo field in the Sea of Okhotsk. The length of the well with horizontal completion is 15,000 m, which currently is a world record. This is a supercomplex well with DDI (Directional drilling index) of 8.0 and 14,129-m stepout.

A number of world records have been set in extended reach drilling since the start of drilling at Sakhalin-1 project in 2003. Taking into account the new record long well the Sakhalin-1 Consortium drilled nine out of 10 of the world’s longest wells.

Sakhalin-1 extended reach drilling is among the fastest in the world owing to the advanced and efficient technologies such as “Fast Drill”. This technology combines high quality modeling of physical parameters of drilling with a structured approach to well designing. Extended reach drilling reduces costs of construction of additional offshore structures, pipelines and other field infrastructure facilities and it also mitigates environmental impact due to smaller drilling and production footprint.

Since 2013, the project has set five world records for measured depth of wells. In April 2015 development well О-14 with length of 13,500 m, 13,000 m long Z-40 well was drilled and completed in 2014, wells Z-43 and Z-42 were drilled in April and June 2013 with the length of 12,450 and 12,700 m, respectively.

Yamal LNG Commenced LNG Production

Moscow, 5 December 2017.

PAO NOVATEK today announced that Yamal LNG has commenced producing liquefied natural gas (LNG) at the first LNG train, with the nameplate capacity of 5.5 million tons per annum.

The first cargo loading is scheduled on 8 December 2017 at the Sabetta port using the first Arc7 ice-class LNG tanker named the “Christophe de Margerie”.

The Chairman of NOVATEK’s Management Board Leonid Mikhelson noted: “This event marks a milestone accomplishment for the Yamal LNG project. The commencement of LNG production begins a new chapter in our corporate history. Many contractors and suppliers from Russia and abroad were involved in this project. We have received great support from the Russian government in implementing this project. We are grateful to all our partners, contractors and shareholders for the joint work on the way to the successful start of this project on time and on budget according to our FID schedule.”

For further information, please visit www.novatek.ru or contact:

Press Service: +7 (495) 721 2207, press@novatek.ru

NOVATEK signed a Memorandum of Understanding with the China Development Bank

NOVATEK signed a Memorandum of Understanding with the China Development Bank.

The MOU confirms the parties’ intentions to cooperate in implementing the “Arctic LNG 2″ project, as well as other NOVATEK’s projects, including financing and investment into the capital of these projects.

You can view the full information in PDF format in the attached file.

NOVATEK_MOU-CDB-ENG

.pdf

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