29 August 2017, 10:25

Moscow. The capital investments of PJSC “RussNeft” into the fields development infrastructure increased up to 4.938 billion roubles in January-July 2017 which is 2.7-fold against the same period of 2016, the Company states.

Seventeen new well pads were built and handed over for drilling equipment installation; construction of 130.2 km of pipelines was completed. The construction and installation works are performed under the program for development of Tagrinskoye, Verkhne-Shapshinskoye, Sredne-Shapshinskoye, Roslavlskoye, and Poselkovoye fields, the Company’s statement says.

The capital expenses of PJSC “RussNeft” increased 68% up to 12/7 billion roubles in H1 2017 against the same period of 2016, as previously reported in the Company’s IFRS statement.

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&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