Average daily hydrocarbon production 5.22 mmboe, a 0.2% increase compared to Q1 2016, with oil production growth by 0.5% to 4.11 mmbpd
Development drilling grew by 48% in H1 2016 in accordance with the business plan
Gas production was up by 7% to 33.23 bcm against to H1 2015 due to new capacity additions
Refining throughput optimization with light product yield improvement to 55.8% in H1 2016
Q2 2016 showed the upward trend in hydrocarbon production (0.2% growth vs. Q1 2016), despite the seasonal decline in gas consumption. Production level reached 5.21 mmboed in H1 2016, increasing by 0.7% vs. H1 2015.
In 2Q 2016, the Company continued to intensify development drilling, having increased this indicator by 16% compared to Q1 2016 to 2.4 mn m. The footage of development drilling increased by 48% t? 4.5 million meters in H1 2016. In June 2016, a new record in daily drilling footage was set at all producing assets of the Company: 40,339 m, translating into record 1,010,684 m drilled throughout the month. New wells commissioning rose by more than 50% compared to H1 2015 to reach 1.2 thousand wells with the share of horizontal wells remaining at about 30% in accordance with the targets established for the year. The share of in-house services in the total drilling footage consistently exceeds 50%.
Liquid hydrocarbon production in Q2 2016 increased by 0.5% vs. Q1 2016 up to 4.11 mmbpd. The key brownfield asset Yuganskneftegaz has shown an upward production trend (+1.5% vs. Q1 of 2016). There were also further improvements at the fields of RN-Severnaya Neft (+3.3%) and on the Sakhalin-1 project (+3.1%).
In 2Q 2016, RN-Uvatneftegaz set a new record in the commercial drilling rate in mainland Russia. The 2,639 m deep well was drilled in 6.5 days. The previous record in commercial drilling rate that was also set at Uvat project in November 2015 was exceeded by 242 m/rig per month (+2%).
In 2Q 2016, six new horizontal wells targeting BV8 (1-3) were commissioned at the Samotlor field with an average start-up flow rate of over 300 ktpd.
The Company continues preparation for the commissioning of the Phase 1 of the Suzun field development scheduled for September 2016. In Q2 2016, construction approached the final stage, and pre-commissioning and start-up operations entered the active phase at all infrastructure facilities involved in the trial start-up process: 1st Start Up Complex of Oil Treatment Facility with capacity of 4.5 mmtpa and the pipeline from Suzun OTF to Vankor OTF, and infrastructure setup at 6 well pads.Preparation of the site for construction of a new 150 ?Wt gas-turbine power station Polyarnaya at the Vankor field was started in April 2016. A new power station will be using the existing infrastructure to satisfy the growing demand for electric power at the Vankor cluster fields - Suzun, ??gul and Lodochnoye fields, which are currently at different stages of development. Three 110 KV substations and 170 km of 110 KV electric power transmission lines will be built for this purpose.
Gas production amounted to 33.23 bcm in H1 2016 , which is 6.9% higher than in H1 2015. Growth in gas production was driven by the launch and trial run of the 2nd stage of Novo-Urengoy gas and condensate treatment facility (Rospan) in Q4 2015 and the commissioning of a gas treatment unit at Barsukovskoe field (RN-Purneftegaz) in December 2015, and by development of the Northern Chaivo (RN-Shelf Dalny Vostok) in the Sakhalin shelf.
Associated petroleum gas (APG) utilization level increased to 90% in H1 2016, compared to 87% in H1 2015.
In H1 2016, over 2,400 km of onshore 2D seismic surveys, and over 4,800 sq.km of onshore 3D seismic surveys were acquired, exceeding the results of H1 2015 by 17% and 10% respectively. A total of 11 exploration and appraisal wells were tested with a success rate of 91%. 42 new deposits and 4 new fields were discovered with ABC1 + C2 reserves of about 35 mmtoe.
In H1 2016, 2D and 3D seismic acquisition operations started at Albanovsky and Vostochno-Pribrezhny license blocks in the Barents Sea and the Sea of Okhotsk. Preparation is underway for the full-scale exploration in the license blocks of the Laptev Sea, East Siberia Sea, Chukchee Sea, Kara Sea, Barents Sea and the Black Sea, that will include 2D and 3D seismic surveys, airborne gravity and magnetic surveys, geochemical surveys, and site investigation surveys.
Jointly with its strategic partner Statoil, the Company started drilling two exploration wells in Magadan-1 and Lisyanskiy areas of the Sea of Okhotsk under the carry financing arrangement. Modern drilling equipment prepared in a special way and upgraded, was employed for this purpose.
In April 2016, Rosneft commenced the drilling of an extended-reach horizontal development well at Lebedyanskoye oil and gas condensate field in the continental shelf of the Sea of Okotsk. The well with the measured depth of over 5, 000 m was constructed and completed in July 2016 with the start-up flow rate over 400 kbpd. A total of three horizontal production wells with the length of 5, 000 to 7, 000 m are to be drilled within the project scope.
Drilling operations carried out in the shelf of Vietnam from Hakuryu-5 semi-submersible drilling rig were completed in Q2 2016. Drilling operator is RN-Vietnam. PLDD well discovered Wild Orchid gas condensate field at Block 06.1. Volume of reserves and commercial attractiveness of the discovery are to be confirmed. There is a potential synergy, given the proximity of Lan Tay platform which is also operated by RN-Vietnam.http://www.oilvoice.com/n/Rosneft-announces-second-quarter-and-first-half-2016-operating-results/b60c90c2ec99.aspx