Rosneft Institute of Science in Ufa and the Research Institute of the China National Petroleum Corporation (CNPC) signed an agreement on technological cooperation in the field of design and modeling of the hydraulic fracturing (HF) process within the framework of the V Russian-Chinese Agreement. Energy Business Forum – company service, according to media reports.
The paper provides collaborative laboratory research and mathematical modeling during hydraulic fracturing.
Previously, Rosneft and CNPC signed a licensing agreement for the use of RN-GRID software, a technology for modeling and designing hydraulic fracturing. Rosneft’s own development helps improve the development efficiency of CNPC oil and gas fields.
The aim of the V Russia-China Energy Business Forum is to develop dialogue between Russia and China in the field of energy, increase bilateral trade turnover, expand the joint project portfolio, attract investments and project financing.