1H 2010 Investment in Development of Suzunskoe, Tagulskoe and Russko-Rechenskoe Fields Tops 2.4 Bln Rubles

The Suzunskoe field is currently in pilot production and produced 531 tons of oil in the first six months of the year.
Operations at Suzunskoe during the first half-year included engineering preparations on Well Pad No.9, site preparations for a materials base, installation of slabs in the base’s approach roads and laydown areas, and installation of slabs on the road from the base to Pad No.1. A road bed was also prepared and construction work on a bridge across the Kocho River on the road between Pads No.31 and 9 was 80% completed. Five wells are to be drilled by the end of the year.
Engineering preparations were also carried out on the foundations of well pads in the Russko-Rechenskoe and Tagulskoe licence blocks, where drilling is now under way. A total of four development wells are to be drilled at the Tagulskoe field in 2010, together with one appraisal well and two development wells at the Russko-Rechenskoe field.
According to ROSPAN INTERNATIONAL’s General Director Rustem Bakirov, investment in the Suzunskoe, Tagulskoe and Russko-Rechenskoe fields during the second half of the year will be more than 73% higher than during the first half.