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In 2008 "Aganneftegazgeologia" is going to increase oil production by 54 %

26.06.2008 "Interfax"

Khanty-Mansiysk. June, 26. INTERFAX - In 2008 ОАО "Multibusiness Company "Aganneftegazgeologia" (Nizhnevartovsk, Khanty-Mansi Autonomous Area) is going to increase oil production by 54,7% in comparison with 2007 - by 2 mln 51,5 thous. tons, as it is reported in the Company.

Besides, "Aganneftegazgeologia " is going to recover 18,9 mln cubic metres of associated gas (increase by 41%), to bring into operation 18 new wellsites with efficiency of 610,824 thous. tons of oil.

This year the Company plans to increase sales revenue by 1,5 - to 11 bln 703,65 mln Rubles. Net profit is predicted to be at the level of the previous year - at the rate of  2 bln 761 mln Rubles, the sum of capital investments - 1 bln 984 mln Rubles (increase by 1,3 times).

As it is reported in the Company , by January 1, 2008 the well-stock of the Company amounted to 147, among them exploitation wells числе эксплуатационный - 91.

АО "Aganneftegazgeologia" develops 8 oilfields in Khanty-Mansi Autonomous Area. From June 2006 NK "RussNeft" possesses controlling interest of АО " Aganneftegazgeologia " (51% shares of stock).

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