OAO NAK AKI-OTYR summarizes its operational results in 2014

OAO NAK AKI-OTYR produced about 1.9 million tons of oil last year. 55 producing wells were drilled with fracturing at the company’s fields during that period, including 3 wells with horizontal downhole.
The oil company performed 60 well interventions which added 56 thousand tons of produced oil, according to the press service of the company.
Hydrocarbons reserves at Verkhne-Shapshinskoye field were promptly calculated based on the production drilling results. The recoverable oil reserves cumulative addition was 2.5 million tons. Modular cluster pump station was put into permanent operation at the field last year which was due to a greater water cut and conversion of extra wells into injection wells. Start-up of a NGSV type three-phase separator with water knock-out will be a logical completion of Verkhne-Shapshinskoye field booster pump station upgrade. The equipment will allow to ensure the downstream water cut within 1%.
Activities for the basic well stock production maintenance are being carried out at Nizhne-Shapshinskoye field. Reservoir pressure maintenance system optimization works have been regularly performed there since 2012. Injection wells conformance control works have also been carried out for some years which added 6-7 thousand tons of produced oil. Ejection unit was commissioned at Nizhne-Shapshinskoye field in Spring of 2014 within the framework of implementation of the associated gas utilization program.
Addition of the recoverable reserves at Peschanoye field was increased by 1.3 million tons. Geophysical materials from the old wells and drilling data were studied here in 2014 whereupon the company’s geologists expect an extra addition of the UK-5 reservoir recoverable reserves.
2015 will be a testing year for the company due to the difficult economic conditions and low prices for hydrocarbons. OAO NAK AKI-OTYR will have to demonstrate a real professionalism and retain the high performance indicators.