RussNeft subsidiary, Ulyanovskneft, may increase production by 3% in 2013
Moscow. OAO NK RussNeft (RTS: RUSN) subsidiary OAO Ulyanovskneft is planning to produce more than 790 thousand tons of hydrocarbons, as RussNeft reported.
Ulyanovskneft production level reached more than 770 thousand tons in 2012 (3.5 % growth compared to 2011). Therefore production growth in 2013 may amount to 2.6%.
Last year production growth was achieved due to Drilling Programme implementation and new wells commission. 14 wells were commissioned in 2012, which provided additional production of 68.396 thousand tons.
One of the most productive wells drilled in 2012 was well No. 67-3 at Vishenskoye oilfield, its current flow rate makes up 100 tons per day, relatively high figure for the Ulyanovsk region.
Oil production business-plan was exceeded 24% due to the well interventions. This growth is explained by the company due to new developments’ start-up. Exploration works and sampling the new formations let the company add the geological resources (by 4.8 thousand tons) and recoverable (by 1.1 thousand tons) by the categories of ABC1.
Ulyanovskneft is a part of Volga group of OAO NK RussNeft. Later 2012 limited liability company’s Shareholders made a decision to reorganize the company by incorporating it into OAO NGDU Penzaneft (Penza region) and ZAO Joint Company Ulyanovskneft also included into Volga group of NK RussNeft. Ulyanovskneft has been developing 21 oilfields in Ulyanovsk region.