Domanik Oil AS: A Statoil Rosneft JV has Started Pilot Drilling Operations

The joint venture of PJSC “NC” Rosneft “and Statoil ASA – Domanik Oil AS (the share of” Rosneft “- 51%,’s Statoil – 49%), start drilling the first well in the framework of the exploration work on the study of hard hydrocarbon reserves Domanik deposits in the Samara region.

During the pilot phase, scheduled for 2016 -. 2019, Domanik Oil AS intends to drill and test for at least three horizontal exploration wells, as well as conduct advanced research complex on the license areas of the subsidiary of “Rosneft” – JSC “Samaraneftegaz.” In the course of the joint venture plans to use the most effective development technologies, including multi-stage hydraulic fracturing.

Pilot drilling under Domanik deposits development project opens a new area of ​​cooperation, “Rosneft” and Statoil. Thus, the company continues the implementation of previous agreements, pooling their experience and expertise in order to develop promising hydrocarbon reserves in Russia.