RussNeft plans to rise oil production by around 2% to 6.5 million tons in 2021. "RussNeft plans to produce 6.5 million tons of oil in 2021. According to the current year operational data, the production level will be 6.38 million tons of oil, which complies with the terms of the OPEC + agreement," the company said in a statement.
The business plan of RussNeft for 2021 envisages the development of capital investments at the level of RUB 20 billio that would allow the construction of about 110 wells, the majority of which will fall on the Variogansky block and the Verkhne-Shapshinskoye field.
RussNeft also expects to start construction of infrastructure at the Vostochno-Kamennoye subsoil area, the reserves thereof are estimated at 60 million tons.
