“Regions”. Shapshinsk Oilfields Ready for Start-Up.

The oilfield is possessed by RussNeft’s affiliated company named Aki-Otyr OAO. Verkhne-Shapshinskoye and Sredne-Shapshinskoye oilfields of this group will be started up by the end of 2008. As Uralinformbureau was informed by RussNeft’s press service, RF Natural Resources Ministry withdrew its claims to the Company, after the activities aimed at starting up Shapshinsk oilfields stirred up.  Aki-Otyr was able to cope with violations of the terms of the license agreements after it was integrated into the structure of RussNeft in 2004, which allowed the Company to form capital investment system to be used to prepare the oilfields for the start-up.
Availability of the funds allowed to put up the infrastructure of Nizhne-Shapshinskoye oilfield. By the present moment the Company has already paved a 36-km road from Irtysh River to the oilfield, built a pontoon bridge over Grishkin flow-path, developed a quayside in the Village of Batovo, laid power supply lines, set up a crude oil collector. Moreover the Company is completing construction of a pipeline from the crude oil treatment plant (UPN) which is also under constructions up to Transneft’s pipelines network. The UPN construction is to be completed this August. About 1.5 million rubles have been invested in geological exploration. In future Aki-Otyr plans to raise the yearly production volume of Shapshinsk oilfields to 1.5 million ton of crude oil. Total extractable reserves of these oilfields amount to 70 million tons of crude oil.