GAZPROM UP AGAIN

Gazpromneft-Khantos, a subsidiary of Gazprom Neft, produced a record high 13.7mn tons of oil last year, 7.5% more than in 2012 and 0.67mn tons more than expected, the company’s press service has said. 

Thanks to more than 530 geological events conducted by Gazpromneft-Khantos, production was increased by 474,000 tons. The company conducted 896 fracs, almost 100 more than in 2012. It also used new approaches such as digital sectoral modelling with simultaneous analysis of seismic materials. 

By the end of 2013, daily oil production rose almost by 2,000 tons of oil to 38.4 tons. The company also started long-term projects last year. In January 2013, the Yuzhno-Kinyaminskoye deposit in Surgut Distict was launched, and in April the company started a project on tight oil production, including shale oil and Palyanovskoye deposit.

More information here.