In 2011 investment volume of "Russneft" will make 14 billion Rubles
Moscow. In 2011 investment volume of Oil and Gas Company "RussNeft" (RUSN01) will make 14 billion Rubles, where 10 billion Rubles will be spent for drilling, 1 billion Rubles – for the construction of gas pipeline in the Tyumen Region, about 3 billion Rubles – for gas disposition project. RussNeft’s Press-Service reported.
This year the Company intends to reach a production level of 13.600 million tons; in 2012 – 14,800 million tons; and by 2018 to reach the level of 18 million tons.
Besides, the Company’s development strategy presupposes reserves growth up to 1 billion tons by 2017 through the purchase of new fields, implementation of geologic exploration programs, as well as the revision of the structure of the reserves within the licensed areas of the Holding.
Besides, the Company’s development strategy presupposes reserves growth up to 1 billion tons by 2017 through the purchase of new fields, implementation of geologic exploration programs, as well as the revision of the structure of the reserves within the licensed areas of the Holding.
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