The amount of 2,155,679 tons of crude oil or 100.4 percent versus June 2013 was produced at JSC TATNEFT, while the production since the beginning of the year amounted to 12, 985,973 tons which was 53,850 tons more than in 2013 (100.4% to the planned amount).
The amount of 12,765,565 tons of crude oil was delivered with the above-the-plan delivery amounting to 33,755 tons.
The new drilling penetration for 6 months of 2014 amounted to 230.3 thousand meters (285.8 thousand meters in 2013) with the drilling performed for JSC TATNEFT in the amount of 192.0 thousand meters (225.0 thousand meters in 2013), including drilling to bitumen deposits in the amount of 8.8 thousand meters, production drilling accounting for 176.1 thousand meters and exploratory drilling accounting for 7.1 thousand meters.
3.2 thousand meters (20.1 thousand meters in 2013) were penetrated for OOO "Tatneft-Samara", including production drilling in the amount of 1.0 thousand meters and exploratory drilling amounting to 2.2 thousand meters.
145 wells (182 wells in 2013) were constructed and delivered to customers with 117 wells delivered to JSC TATNEFT (134 wells in 2013), including drilling of 12 wells to bitumen deposits, 101 wells of production drilling and 4 wells of exploratory drilling.
1 production well was constructed and delivered to OOO "Tatneft-Samara" (16 wells in 2013).
Active Well Stock Drilling
The penetration of sidetracking and horizontal wellbores for JSC TATNEFT amounted to 27.6 thousand meters (28.3 thousand meters in 2013) during six months of 2014, including 10.1 thousand meters (13.6 thousand meters in 2013) for JSC TATNEFT.
50 wells were delivered to customers (52 wells in 2013) with 31 wells (35 wells in 2013) delivered to JSC TATNEFT.
The average number of drilling crews performing conventional well drilling operations since the beginning of 2014 amounted to 34, while 13 drilling crews were engaged in drilling lateral and lateral horizontal wellbores. One drilling crew performed drilling to the bituminous deposits of Ashalchinskoye oil field for NGDU "Nurlatneft".
The penetration per crew engaged in new drilling amounted to 6,460 meters during six months of 2014. 30.1 thousand meters were penetrated outside the Republic of Tatarstan, including 17.5 thousand meters for penetration of sidetracks and horizontal holes.
Repair of Wells
During six months of 2014 the crews of remedial servicing, workover and oil recovery enhancement performed remedial servicing of 3,885 wells (740 wells in June) and workover in 1,210 wells (262 wells in June), including production string sealing performed in 131 wells, shutting-off individual layers and recompletion in other intervals in 56 wells, transfer of wells into different categories and wells completion for injection in 102 wells, liquidation of downhole complications and cleaning of production casing and bottomhole in 96 wells and installation of isolating packers and dual completion systems in 50 wells at the sites of JSC TATNEFT.
68 wells were repaired outside the Republic of Tatarstan with 61 wells for OOO "Tatneft-Samara" and 7 wells for OOO "Tatneft-Severny".
Formation hydrofracking operations were performed in 306 wells (50 wells in June).
Five 5 small diameter horizontal wells were drilled and completed for NGDU "Almetyevneft".
Oil recovery enhancement works were performed in 1,296 wells (288 wells in June), including chemical methods applied in 646 wells (141 wells in June).
Bottomhole area treatment operations with application of JSC TATNEFT's technologies were performed in 1,559 wells.
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AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.
REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.
IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.
IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.