OAO NAK AKI-OTYR successfully implements the program of well interventions 2015

OAO NAK AKI-OTYR, AO NK RussNeft subsidiary, will successfully implement the well interventions programs targeted at execution of the oil production business plan. In 2014 the business plan was fully executed and exceeded the expected indicator, it amounted to 1,883,619 tons of oil instead of 1,827,344 tons. This resulted from successful drilling of the new wells and performing of well interventions. In 2015 the geologists from OAO NAK AKI-OTYR continue to implement the activities targeted at successful execution of the company’s operations program for oil production. The Company organized 18 well interventionswithin Q1 this year, due to which 446 thousand tons were produced against 442.2 planned. Frac job continues to be the key method of formation stimulation at the major well stock.9 frac jobs were performed at Verkhne-Shapshinskoye field in the areas of formation pressure maintenance system during the first three months, it allowed to increase efficiency of these activities. Themainwellintervention at Nizhne-Shapshinskoye field is optimization of underground equipment, this is related to the active work of the injection well stock. 4 optimizations were performed at the field within Q1. Further successful planning of the well intervention programs and their effective implementation will allow OAO NAK AKI-OTYR to support the high oil production output level at the fields.