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Tatneft increased oil production by 4,9% with the 7 months volume amounting to 16,318 mln tonnes

Tatneft announced on August 10, 2016, results of operations in July and during seven months of 2016.


Tatneft announced on August 10, 2016, results of operations in July and during seven months of 2016.

 

In July 2016 TATNEFT Croup enterprises produced 2,410 mln tonnes of crude oil (+ 4.6% versus July 2015, with the 7 months volume amounting to 16,318 mln tonnes (+ 4.9% versus the similar period of 2015).

 

The production volume of PJSC TATNEFT amounted to 2,380 mln of crude oil in July (+ 4.6% versus July 2015. The production for the 7 months amounted to 16,120 mln tonnes (+ 4.9% versus the similar period of 2015).

The Company’s subsidiaries produced 29 621 tonnes in July 2016 at the licensed areas outside the Republic of Tatarstan (+ 0.7 %) with the seven months volume amounting to 197 949 tonnes (+11.6 % versus the similar period of 2015)).

 

Drilling

There were 270 production wells drilled from the beginning of the year with the planned figure amounting to 256 wells (+5.5%). In addition there were 4 exploratory wells drilled. Pilot operations program of gill-in drilling was fulfilled by 93 %.

There were 51 sidetracks and horizontal wellbores delivered during seven months in 2016 with the planned figure amounting to 48 wells (+6% to the plan).

 

Repair of Wells

During seven months of 2016 remedial well servicing was performed in 5,576 wells by the crews of remedial servicing, workover and enhanced oil recovery at the sites of TATNEFT (907 wells in July), while workover operations were performed in 1,301 wells (182 wells in July).

Outside the Republic of Tatarstan remedial servicing operations were performed in 37 wells for “Tatneft-Samara” and 11 wells for “Tatneft-Severny”.

Formation hydrocracking operations were carried out in 434 wells (65 wells in July).

Crude oil recovery enhancement operations were performed in 1,611 wells (235 wells in July), including chemical methods applied in 799 wells (125 wells in July).

 

Production Performance of TANECO

The TANECO Complex of Refining and Petrochemical Plants processed 825,6 thousand tonnes of raw materials in July 2016 and 5,562,2 thousand tonnes since the beginning of the year, including 740.5 thousand tonnes of petroleum feedstock and 5,084.5 thousand tonnes since the beginning of the year.

The Complex yielded 785.2 thousand tonnes of petroleum products in July 2016 and 5,430.1 thousand tonnes since the beginning of the year.

Source : Neftegaz.RU