06.09.2017

PJSC “RUSSNEFT” ORDINARY SHARES WILL BE INCLUDED INTO MICEX AND RTS INDICES FROM SEPTEMBER 22

RUSSNEFT OBTAINS TIGHT OIL INFLOWS OF 100 T/D AT OIL FIELD IN KHMAO

07.08.2017

“In the course of testing of Bazhenov Formation, RussNeft obtained a flow rate of 100 tonnes per day at Sredne-Shapshinskoye field”, says the press release of the company.

Bazhenov Formation (a group of petroliferous rock beds) in West Siberia contains tight oil. As Rosnedra previously reported, oil reserves at the Bazhenov formation were estimated at 10–30 billion tonnes.

Slick Water hybrid hydraulic fracturing undertaken in well testing has secured a steady natural flow of crude oil. The company intends to continue drilling into Bazhenov formation.

Back in 2009, RussNeft stated that it considered the development of Shapshinskaya oilfield group as a strategically important project. The development of Nizhne-Shapshinskoye, Sredne-Shapshinskoye and Verkhne-Shapshinskoye fields is conducted by producing subsidiary of RussNeft - OAO NAK Aki-Otyr. Sredne-Shapshinskoye field was brought into production in May 2009. Estimates suggest that oil reserves at the Bazhenov reservoir at Sredne-Shapshinskoye field amount to as much as 40 million tonnes.

PJSC “RussNeft” ranks among the Top-6 largest oil companies by crude oil production in Russia.

The Company possesses a well-balanced portfolio of assets located in key Russian oil and gas provinces (West Siberia, Volga-Urals and Central Siberia) as well as in Azerbaijan. Total 2P reserves of the Company exceed 200 million tonnes (SPE). The number of the Company’s personnel is around 10,000 employees.

RIA Novosti