Rosneft starts Amazon drill

Brazil

RIO DE JANEIRO, February 16, 2017 – Russian hydrocarbons player Rosneft began drilling operations on Brazil’s Solimoes Basin, the company released in a statement today.

Rosneft Brasil, Rosneft’s local subsidiary, plans to drill a minimum of four wells in order to ascertain the capacity of the basin. The company plans on beginning drilling testing and evaluation of the first well in Q2 2017.

In 2015, the company took 100% stake in the Solimoes oil and gas project from Brazil’s PetroRio, making it the first time Rosneft has operated an asset in the country.

Blocks on the Solimoes Basin cover roughly 37,000 square kilometres. The project involves 18 licence blocks.

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