Sorovskneft: Achieves Annual Production Target Ahead of Schedule
LLC Sorovskneft (a company forming part of Bashneft Group, the controlling stake in which has recently been bought by PJSC Rosneft Oil Company) achieved the 2016 production target ahead of schedule, with oil production totalling about 1.9 million tonnes. This was achieved due to successful implementation of a programme of …
Bashneft: 2014 Reserve Replacement Ratio Totals 179%
JSOC Bashneft has announced the results of the latest independent audit of hydrocarbon reserves conducted by Miller and Lents, Ltd. in accordance with the PRMS classification (Petroleum Resources Management System). The auditor has evaluated reserves at 190 oil and gas condensate fields of the Company in the Volga-Urals, West Siberian …
Bashneft: Q3 and 9M Results – Production Up 10% and Net Income Up 39.6%
Bashneft Group released its unaudited consolidated financial statements for the third quarter of 2014 and the nine months ended September 30, 2014 prepared in accordance with International Financial Reporting Standards (IFRS). 3Q2014 vs.2Q 2014: The Group’s revenue from sales decreased by 0.2% to 162,861 million Adjusted EBITDA increased by 2.6% …
Bashneft: Acquires Burneftegaz
Bashneft Group has gained control over a 100% stake in LLC Burneftegaz, a company conducting exploration and producing oil in the Tyumen District. The transaction had been approved by the Federal Antimonopoly Service. LLC Burneftegaz owns the rights to exploration and development of the Sorovskoye field (the Vostochno-Vuemskiy licence area) …