OAO Ulyanovskneft summarizes its performance in 2014

The annual volume of oil produced by Ulyanovsk oilmen reached 831.934 thousand tons exceeding the plan targets. Such results became possible thanks to over-fulfillment of the drilling and well intervention plan. Thus, in 2014, 14 producing wells were put into operation adding 66.642 thousand tons of production, 102 well interventions were performed adding 65.819 thousand tons of production in the course of the year. Remaining recoverable reserves of categories АВС1 + С2 had grown. As of 01.01.2015, they were approximately 73,290 million tons.
In 2014, new wells were actively constructed at Kudryashovskoye field, 11 wells were completed with drilling with an average daily production rate of 35 tons.
Besides, the company continued to introduce new equipment for operation in the wells affected by corrosion, viscous emulsion and large volumes of solids which ensured increase of the mean time between failures up to 481 days for the wells with submersible pumps. The company developed the reservoir pressure maintenance system, 7 wells were converted into injection wells.
In 2014, Yuzhnaya oil processing and pumping unit tank farm tanks were overhauled, well pads completed with drilling were developed, oil pipelines sections were replaced with an overall length of 4400 meters at Verkhozimskoye, Novospaskoye, Pravdinskoye fields.
Under the associated gas utilization program, TKU-180 boiler was installed at Kudryashovskoye field first water knockout unit, 9 associated gas metering units were installed at the local fields.
As of the end of 2014, remote control of the wells at OAO Ulyanovskneft fields reached 100%.
In 2015, the company intends to complete 8 new wells with drilling with addition of over 54 thousand tons of production.