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Surgutneftegas Posts 10M Operating Results
14.11.2014 12:57
Surgutneftegas Posts 10M Operating Results
Photo Credit: http://marker.ru

In January-October 2014, Surgutneftegas produced 51,143.3 thousand tonnes of crude oil, according to a corporate press release.

      For the year to date, crude output in the Republic of Sakha (Yakutia) equaled 6,378.7 thousand tonnes, 6.5 % up versus ten months of the last year, said the statement.

      In January-October 2014, overall gas production amounted to 7,746.7 million cubic meters, reads the announcement on the company’s website.

      For the year to date, in-house drilling reached 3,587.7 thousand meters of rock including exploratory drilling amounting to 169 thousand meters.

      Oil and gas producer Surgutneftegas is one of the largest companies in the Russian oil sector. It accounts for almost 13% of the country’s crude output and 25% of gas produced by domestic oil companies.

      Over many years, the company has been leading the industry in terms of exploratory and development drilling, as well as the number of production wells brought on stream.

      The company was the first in Russia to develop the complete cycle of gas production and processing, gas-based power generation, and output of finished products and petrochemical feedstock. Fifty-nine divisions of the company are involved in the whole range of prospecting and reservoir management operations, construction of facilities and pipelines, environmental safety, and process automation. Surgutneftegas’ crucial competitive advantage lies in advanced petroleum production technology successfully applied by its own service subdivisions. Oil is supplied to Russian refineries and exported to CIS and Western Europe.

       




Author: Mikhail Vesely

Tags: Surgutneftegas     

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