"RussNeft" is planning to build up oil production in Tomsk region in 2010 by 40%

The growth of hydrocarbons production will be reached through  implementation of large-scale drilling programs at the oilfields in Eastern Siberia. Thus, at Stolbovoye oilfield it is planned to the raise oil production output four times as compared with the last year. This year 11 new wells will be drilled here. OAO NK “RussNeft” is going to bring Stolbovoye oilfield, where recoverable resources amount to 12.2 million tons, to the maximal level of commercial production in the shortest possible time. In the near 3 years OAO NK “Russneft” will try to bring the annual production output at Stolbovoye oilfield to 1 million tons. The recoverable resources of Fediushkinskoye oilfield amount to 3.6 million tons. At this oilfield 3D seismic works are under way at the area of 100 square kilometers. The exploration will permit to specify geological structure of the oilfield and to prepare it for commercial operation.
"OAO NK “RussNeft” numbers development of the oilfield in Western Siberia among the most prospective projects of the Company. In the near future “RussNeft” is planning to form up on the basis of the basis of the oilfields of this block a new producing center which will become a substantial contribution to the basic centers, traditional for the Company, in Western Siberia and Udmurtia", says the press-release of the company.