Efficient technical drilling increase is a key priority for Rosneft’s upstream business dimension, which allows cost-efficient maintaining production at brownfields, and increasing production at greenfields.
Key factors, that boosted technical drilling figures are: increased drilling volumes at RN-Yuganskneftegas assets (increase of drilling progress outpaced the Company’s average and accounted to 39.9% - 1.719 mln m in 7 months of 2015 versus 1.229 mln m for the same period last year), and increased pace of drilling of high-technology wells. A critical constituent of the implementation of the campaign aimed at raising production efficiency was improving HSE at production drilling activities (consequently to a comprehensive set of measures a significant reduction in the breakdown rate compared to 2014 was achieved).
In the first 6 months of 2015 Rosneft brought into production more than 800 new wells. The drilling profile is becoming more complex: the number of horizontal wells in the first 6 months of 2015 exceeded 30% of the overall volume of technical drilling (more than 260 wells).
With the scope of increasing efficiency of its core-business Rosneft actively develops in-house drilling service. The expansion of this business dimension based on RN-Burenie subsidiary leads to a significant increase of financial transparency and contracting of drilling services (the pricing of third-party contractors is 5-9% higher). A significant constituent of the implementation of this strategy is the in-house drilling rigs fleet’s expansion (by 2.6 times in 2014 versus 2013 figures). Consequently the Company plans to reach the target level of in-house drilling service of 75-80% in 5 years.
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