RUSSNEFT TO EXPECT SIGNIFICANT OIL RESERVES GROWTH IN 2020
RussNeft expected to get significant increase in oil reserves in 2020 after the new reserves would be booked, as the president of the company Evgeny Tolochek told the reporters on the sidelines of Tyument Oil and Gas Forum.
“Something like last-year flamboyant increase (in 2019) is scarcely possible. Probably, it would be 2020, when we`ll explore new land plots and include them in the balance”, Tolochek said, having marked that 2018 oil reserves growth had amounted to 60 mln tonnes.
“Including through the southern part of Tagrinka, which was recently bought... Highly likely, there will be quite discent quantity of reserves”, he added.
Tolochek noted that Verkhne-Shapshinskoye oilfield was still the priority of the company. “This is Achimov deposits as well, while being more high yielding, and the production rates out there are much higher”, he said.