"Aganneftegazgeologia" Increased Oil Production by 17% in 2005
Multiline Company Aganneftegazgeologia located in the settlement of Novoagansk of Khanty-Mansiysk Autonomous Okrug, or KhMAO, increased its oil production by 16.9% in 2005 against the 2004 volumes bringing it to 1,216,787 tons.
According to the report of KhMAO’s Oil and Gas Department, by last December the company had produced 96.173 thousand tons of crude oil which was by 1% more than the showing of December 2004.
Moreover, in 2005 Aganneftegazgeologia produced 3.185 million cubic meters of gas showing 17% growth.
The company develops 8 oilfields in KhMAO.
Oil Company RussNeft OAO has taken up Multiline Company Aganneftegazgeologia OAO and Tomskaya Neft ZAO. Since April 2005 the upstream of these entities has been consolidated as part of RussNeft, a vertically integrated oil holding company being one of the ten first-rate oil and gas companies of Russia.