In 2014, financing of Rosneft’s innovations made up over 170 billion rubles

In 2014, the total volume of financing of the Rosneft’s innovations made up more than 170 billion rubles, including 33.2 billion rubles for research and development, the company reported today.
Most of the research and development expenditures was aimed at the testing and implementation of previously developed technologies. Thus, for the first time in Russia, as part of the project to develop the technology of low-permeability gas reservoirs development, the construction of well with carrying out a multi-stage hydraulic fracturing was completed at Turon, by results of the test, the production rate of the well exceeded 200 thousand cubic meters per day.