Tatneft: Results of Operations in July of 2019
The enterprises of the TATNEFT Group of Companies produced 2,603.9 thousand tonnes of crude oil in July 2019, while the production volume for seven months amounted to 17,433 thousand tonnes, which was 638.5 thousand tonnes more than in 2018. PJSC TATNEFT’s production volume amounted to 2,576.2 thousand tonnes with the Company’s seven months production volume amounting to 17,243 thousand tonnes of crude oil (+646 thousand tonnes versus 2018).
The Company’s production in the licensed areas outside the Republic of Tatarstan amounted to 27.7 thousand tonnes, while the production volume for seven months amounted to 190.3 thousand tonnes (-7.5 thousand tonnes versus 2018).
The production volume of the high-viscosity oil amounted to 241 thousand tonnes in July with the volume of 1,472.8 thousand tonnes produced since the beginning of the year (+539.592 thousand tonnes versus the same period of 2018).
New Drilling
363 new wells were built and delivered to the customers in seven months (339 wells in 2018), including the drilling of 264 production wells and 6 wells drilled to bitumen deposits with exploration drilling accounting for 93 wells.
Active Well Stock Drilling
46 wells were delivered in the category of sidetracks and horizontal wellbore drilling for seven months of 2019.
Drilling of Wells Outside the Republic of Tatarstan
There were six wells drilled and completed in the Samara region in accordance with the plan as of today; drilling of the production well No. 344 and the exploratory well No. 32 for OOO Tatneft-Samara Company is underway.
Drilling is underway in the Nenets Autonomous District. There are three wells in involved in the drilling operations there to date: No. 3r Severo-Khayakhinskaya, 5r Vostochno-Khayakhinskaya, 6r Vostochno-Khayakhinskaya.
Repair of Wells
The remedial well servicing and workover crews performed basic well servicing in 6,001 wells at the sites of PJSC TATNEFT in seven months of 2019 (952 wells in July), while work over operations were performed at 1,191 wells (165 wells in July).
Formation hydrocracking operations were performed at 485 well (74 wells in July)
Crude oil recovery enhancement operations were performed in 1,043 wells (165 wells in July)
Production Performance of JSC TANECO
The TANECO Complex of Refining and Petrochemical Plants processed 956.8 thousand tonnes of raw stock in July with the volume processed since the beginning of the year amounting to 5,769.6 thousand tonnes and the volume of petroleum feedstock in the amount of 908,5 thousand tonnes processed in July, while the volume of the petroleum feedstock processed from the beginning of the year amounted to 5,275.8 thousand tonnes.
The Complex yielded 897.2 thousand tonnes of petroleum products in July 2019, while the products yield from the beginning of the year amounted to 5,394.1 thousand tonnes, including diesel fuel in the amount of 300.4 thousand tonnes and 2,136 thousand tonnes since the beginning of the year, while the motor gasoline brands production accounted for 93.6 thousand tonnes, and 618.8 thousand tonnes from the beginning of the year.
Forward-looking statements: This press release and the materials thereby referred to contain certain statements about future events and expectations that are forward-looking in nature. Any statement in this press release or these materials that is not a statement of a historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors, which July cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. PJSC TATNEFT shall assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.
