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RUSSNEFT CONSOLIDATED ITS SCIENTIFIC AND TECHNICAL CENTER WITH THE PARENT COMPANY

27.12.2016 INTERFAX

Moscow. PJSC “RussNeft” performed reorganization and consolidation with OOO RussNeft-Scientific and Technical Center (“NTC - RussNeft”).

According to SPARK-Interfax the relevant amendments on cessation of the legal person’s activity within the consolidation were introduced into the Unified State Registry of the Legal Persons on December 22, 2016.

Acc. to PJSC “RussNeft” the Scientific and Technical Center provides effective development of the oil fields and operation of the increasing hydrocarbon resources base.

The structure of the Center involves departments that perform monitoring and developing of the fields, hydrocarbon resources of the Volga, Central-Siberia, West-Siberia and Ural oil producing blocks of the Company.

Besides the Center performs the works for increasing the efficiency on the basis of development and monitoring of the fields’ geological and hydrodynamic models, geological study of hydrocarbon resources, execution of project and technological documents for the development of the fields. The Center also manages the quality of works performed for PJSC “RussNeft” by the servicing companies.

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