24 Apr 2024 15:58

Former RussNeft senior manager appointed CEO of Zarubezhneft and Petrovietnam Russian JV

MOSCOW. April 24 (Interfax) - JV Rusvietpetro, the joint venture between Zarubezhneft and Petrovietnam, has appointed Sergei Byshov, a former senior manager at RussNeft , as the JV's CEO, according to data in the Unified State Registry of Legal Entities (USRLE).

Byshov has replaced Alexei Kulakov, who was CEO at Rusvietpetro for the past four years.

Byshov came from RussNeft, where he was CEO of its subsidiary, Saratovneftegaz , in the mid-2000s. In 2008, Byshov became CEO of Gazpromneft-Khantos, a Gazprom Neft entity, and he returned to RussNeft in 2012 to be CEO of the NJSC Aki-Otyr subsidiary asset for one year.

Byshov was most recently senior vice president for production and geology at RussNeft.

Rusvietpetro is developing 13 fields on four licensed blocks at the Central Khoreyver uplift in the Nenets Autonomous District. The fields had estimated reserves of over 95 million tonnes of C1+C2 in 2016. The company obtained the Zapadno-Yareyaginsky block in the same region in 2019, where the current exploration plan is set until the third quarter of 2025.