Key Events

Production Development

GRI 102-7

Zarubezhneft JSC and Uzbekneftegaz JSC have established ANDIJANPETRO LLC to work at the operating oil fields of South Alamyshyk, Khartoum, and East Khartoum in Uzbekistan.

Beluga field was started-up on the Vietnamese shelf, which was made possible by commissioning the CTC-1 wellhead platform. At the end of December 2018, JV Vietsovpetro completed organizational and technical measures to reconstruct the RP-2 wellhead platform at Dragon field, which allowed for timely connection to the CTC-1 wellhead platform at Beluga field and putting it into operation.

At Kharyaga field, the first cubic meters of associated petroleum gas (APG) under the Kharyaga production sharing agreement (PSA) passed the metering station and were transferred for further processing to the Usinsk gas processing plant of LUKOIL-Komi LLC. Gas supply started ahead of schedule; according to the business plan, it was scheduled for 2022.

Drilling of the first horizontal well at the Boca de Jaruco field in Cuba commenced in the presence of the Russian Prime Minister. This is one of three horizontal wells where cyclic steam treatment and steam-gravity drainage technologies are tested, which have already been proven efficient by global practice in extra-viscous oils and bitumen deposits. It is currently planned to use advanced Russian technology of catalytic water thermolysis, which will increase the performance of Boca de Jaruco field.

JV Vietsovpetro stared-up the wellhead platform No. 20, which is located in the southwestern part of Block 09-1, White Tiger field. Drilling and development of exploration wells MTD-1Х and MTD-2Х resulted in the discovery of an oil deposit associated with rocks of the Lower Miocene. In total, there are 17 oil deposits at the site.

International Cooperation

As part of the meeting with Kolinda Grabar-Kitarovic, President of Croatia, the Croatian company Crodux plin d.o.o., Zarubezhneft JSC, and Brod Oil Refinery A.D. signed a cooperation agreement within the framework of the oil refinery Brod gas supply project.

Zarubezhneft JSC, NovaTek PJSC, Total Gas & Power Business Services S.A.S., and Siemens Aktiengesellschaft signed a Memorandum of Understanding on cooperation in Vietnam to develop an integrated project on liquefied natural gas (LNG) power generation in Vietnam.

Strategic documents on Zarubezhneft JSC’s further work in Vietnam were signed. Among them are an agreement to assign 30% participating interest of PVEP Corporation in PSA for oil and gas Block 09-2/09 on the Vietnamese shelf to Zarubezhneft JSC; an agreement of intent between Zarubezhneft JSC and PVEP Corporation on further cooperation for joint implementation of oil and gas projects in Russia, Vietnam, and other countries; and a cooperation agreement with T&T Group JSC for development of renewable energy sources.

Zarubezhneft JSC management took part in a number of meetings with Denis Sassou Nguesso, President of Congo. The parties discussed prospects for possible cooperation in the oil and gas industry.

On the sidelines of the First Russia-Africa Summit and Economic Forum in Sochi, Sergey Kudryashov, General Director of Zarubezhneft JSC, took part in the meetings of Vladimir Putin, President of the Russian Federation, with Abdel Fattah el-Sisi, President of the Arab Republic of Egypt, and Matamela Cyril Ramaphosa, President of the South African Republic.

Zarubezhneft JSC management participated in the Russian Prime Minister’s visit to Cuba, during which the Russian Prime Minister visited the Boca de Jaruco fields.

A production sharing agreement for South East Ras El Ush and East Gebel El Zeit blocks was signed in Cairo between Zarubezhneft JSC, the Ministry of Oil and Mineral Resources of Egypt, the Egyptian state oil holding company Ganope, and Pacific Oil Limited.