PJSC “RUSSNEFT” INCREASED ITS CAPITAL INVESTMENTS INTO THE INFRASTRUCTURE 2.7-FOLD FOR THE 7 MONTHS
The capital investments of PJSC “RussNeft” into the fields development infrastructure increased up to 4.938 billion roubles in January-July 2017 which is 2.7-fold against the same period of 2016, the Company states.
Moscow. The capital investments of PJSC “RussNeft” into the fields development infrastructure increased up to 4.938 billion roubles in January-July 2017 which is 2.7-fold against the same period of 2016, the Company states.
Seventeen new well pads were built and handed over for drilling equipment installation; construction of 130.2 km of pipelines was completed. The construction and installation works are performed under the program for development of Tagrinskoye, Verkhne-Shapshinskoye, Sredne-Shapshinskoye, Roslavlskoye, and Poselkovoye fields, the Company’s statement says.
The capital expenses of PJSC “RussNeft” increased 68% up to 12/7 billion roubles in H1 2017 against the same period of 2016, as previously reported in the Company’s IFRS statement.
PJSC “RussNeft” ranks among the Top-6 largest oil companies by crude oil production in Russia. The Company possesses a well-balanced portfolio of assets located in key Russian oil&gas provinces (West Siberia, Volga-Urals and Central Siberia) as well as in Azerbaijan. Total 2P reserves of the Company exceed 200 million tonnes (SPE). The number of the Company’s personnel is around 10,000 employees.