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Rosneft Talks FY-2016 Results; Growing Horizontal Wells

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Rosneft Talks FY-2016 Results; Growing Horizontal Wells
[Summary: Rosneft gives FY-16 insight. Highlights include:

New record high daily hydrocarbon production of 5.83 mmboe in Q4 20161 Hydrocarbon production grew by 4.3% to 265.2 mmtoe in 2016 Development drilling grew by 35% to 9.3 mln m in 2016
New record high daily hydrocarbon production of 5.83 mmboe in Q4 20161 Hydrocarbon production grew by 4.3% to 265.2 mmtoe in 2016 Liquid hydrocarbon production increased by 3.6% in 2016 Gas production increased by 7.3% to 67.1 bcm in 2016 Development drilling grew by 35% to 9.3 mln m in 2016


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Rosneft average daily hydrocarbon production increased by 11.8% in Q4 2016 (vs. Q3 2016) to the new record high of 5.83 mmboed. In 2016 the Company’s average daily hydrocarbon production amounted to 5.37 mmboed (or 265.2 mmtoe total for the…

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