
RussNeft: Statement by the President of the Company on the Implementation of Initiatives in the Field of Climate Projects, Sustainable Development and Care for Personnel
Preserving the health of employees, industrial safety and environmental protection in the areas of the Company’s operations – these are the main priorities and the most important conditions for the successful and sustainable development of RussNeft in addressing emerging environmental, social and management issues. The energy sector in which our …

RussNeft Group: Net Profit for 9M 2021 Grows 5.5-fold up to RUB 23.556 bn
The net profit of RussNeft Group for 9M 2021 amounted to RUB 23.556 bn. In the same period of the previous year, this index made RUB 4.310 bn. EBITDA of the Group for the reporting period increased 2.8-fold, reaching RUB 29.234 bn. Revenue rose from RUB 89.362 bn to RUB 159.442 …

RussNeft: Plans to Increase Production by 1.45% in 2022 to 6.78 Million Tonnes of Oil
RussNeft plans to produce 6,780 thousand tonnes of oil in 2022. This year, according to operational data, the production level will be 6,683 thousand tonnes of oil, which complies with the terms of the OPEC+ agreement. The Company’s business plan for 2022 envisages spending of 22.7 billion roubles of capital …

Russneft: Board of Directors Extend the Powers of Company President Evgeny Tolochka for Another Five Years
Prior to that, in 2014-2015, he worked as Deputy General Director for Production at NK Neftisa JSC. In June 2015, he was appointed Vice President for Production and Geology at Russneft. At the end of September, the shareholders of Russneft at an extraordinary meeting re-elected the company’s board of directors. …

Economic Benefit of RussNeft from Innovation in Drilling Technology
PJSC “RussNeft” is planning to obtain the total economic effect from the introduction of the two-column well construction technology in the amount of RUB 1.1bln in 2021. The essence of the technological innovation is the transition from wells with a 168 mm- diameter production string and a 114 mm shank …

Russneft: Resumes Drilling at the Vostochno-Kamennoye Field
PJSC “RussNeft” starts preparations for implementing the advance drilling program at Vostochno-Kamennoye field of Vodorazdelny license. During the winter period of 2021 it is planned to bring the mobile drilling rig to drill 3 directional wells with core sampling from producing formations of Tuymen suite. The cumulative remaining recoverable reserves …

RussNeft’s Oil Reserves Increased by 32.6 mln tons in 2020
Incremental reserves at RussNeft totalled 32.6 million tonnes of oil in 2020. Most exploration work in the reporting year was carried out in the Khanty-Mansiysk Autonomous District. The Company annually implements a significant programme of geological exploration works (E&A), the main sources of which will remain hard-to-recover and unconventional reserves …

Russneft: Planning to Increase Oil Production by 2% in 2021 – up to 6.5 million tons
Russneft’s business plan for 2021 assumes the development of capital investments at the level of 20 billion rubles, which will allow the construction of about 110 wells, the largest number of which will be in the Varyogansky block and the Verkhne-Shapshinskoye field. Russneft also expects to start building infrastructure in the …

RussNeft: Resumes Production Drilling at Variogan Oil Block
PJSC “RussNeft” resumes production drilling at Variogan oil block. By the end of 2020 the company plans to put into operation 5 oil wells at Achimov deposits of Tagrinskoye field and 4 wells are after side-tracking. Production drilling at Variogan oil block was suspended in connection with production restrictions under …

PJSC RussNeft Expands Control Over the Quality of Oil Products
Thus, the chemical and analytical laboratory of the subsidiary “Varioganneft” has expanded the range of measurements performed, as well as improved the accuracy and speed of research, thanks to the equipment re-equipment program, which was launched several years ago. The newest equipment makes it possible to determine various indicators of …