Extra oil production of “Saratovneftegas” resulted from geological and engineering works performed in the first half of the year amounted to 54.632 thousand tons

Августа 17, 2010

OAO “Saratovneftegas”, a subsidiary of OAO NK “RussNft” (RUSN01) produced in the first half of 2010 extra 54.532 thousand tons of oil due to geological and engineering works. So it is said in the company’s reports.

In 2010 the expected pil and gas condensate production level at OAO “Saratovneftegas” amounts to 935.107 thousand tons. In the 1st half of the current year the level of oil and gas condensate production amounted to 461.602 thousand tons.
To reach the target production level in 2010 the company is implementing a program of geological and engineering works which is expected to result in production level growth in amount of 196.119 thousand tons.
In the first half pf 2010 “Saratovneftegas” produced oil and gas condensate at 36 oilfields, among them 35 are under commercial development. Withdrawal of oil, gas and gas condensate was was performed from 74 deposits.