RussNeft Produces 7.1 Million Tonnes of Oil and 2.462 Billion Cubic Meters of Gas in 2019
According to preliminary data, PJSC “RussNeft” produced 7.118 million tonnes of oil and about 2.462 billion cubic meters of gas in 2019.
In the reporting year, 148 new oil wells were put into operation in the Company’s fields (139 entities in 2018) adding 1,251 million tonnes of production (970 thousand tonnes in 2018). The Company’s drilling meterage amounted to almost 500 thousand meters this year.
The time between overhauls of the ESP-equipped wells has increased by almost 24% over the past 3 years and amounted to 665 days in 2019.
Application of the investments in 2019 is fully compliant with the business plan parameters.
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