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History

Canada

Cardium Project

On August 17, 2012, OJSC NK Rosneft, through its subsidiary RN Cardium Oil Inc in Canada, acquired a 30% share in the Cardium Tight Oil Development Project, Alberta, from ExxonMobil Canada Energy (operator).

107 sites are located in the province of Alberta, Canada. The total area of the sites is 58.6 thousand acres (235 sq.km).

The development is carried out through the construction of horizontal wells with multi-stage fracturing (13-15 per wellbore). With the full implementation of the development program, it is planned to build 188 wells.