February 8, 2016

Rosneft and Statoil commenced testing of two production wells of highly viscous oil of the PK1 layer of the North-Komsomolskoye field.

The companies are implementing pilot operation of the horizontal wells constructed using best practices related to inflow control and consolidation of entrained solids.

Average starting flowrate amounts to75 t per day, whilst oil production potential is being estimated at 100 t per day for one well. Such results demonstrate strong synergy effect of the experience and expertise of Rosneft and Statoil.

During the well testing the companies are planning to undertake a complex of studies including hydrodynamic and tracer studies. Also, laboratory investigations of the surface oil samples will be implemented.

Obtained data will be applied in updating of geological structure of PK 1 layer's deposit and further elaboration of the strategy of full-scale development of the North-Komsomolskoye field.

Note for editors:

North-Komsomolskoye oil and gas condensate field is located in Purovsky and Nadymsky regions of Yamalo-Nenets Autonomous District. The main object of development is PK1 layer with geologic reserves of more that 700 mln t of oil and 120 bcm of gas of ABC1+C2 categories. It has complex geology associated with an oil rim of highly viscous oil, as well as an extensive gas cap.

On May 23, 2013, Rosneft and Statoil ASA signed the North-Komsomolskoye Cooperation Agreement related to difficult-to-extract resources of hydrocarbons.

RN-Purneftegaz, Rosneft subsidiary, is acting as production operator of the project.

Rosneft
Information Division,
February 8, 2016

OJSC Oil Company Rosneft issued this content on 07 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 February 2016 08:39:08 UTC

Original Document: http://www.rosneft.com/news/news_in_press/08022016.html