Tatneft: Q1 Profit Up $140m YoY
OAO Tatneft has published on its web-site (http://www.tatneft.ru/?lang=en) the unaudited consolidated interim condensed financial statements for the three months ended 31 March 2014 prepared in accordance with International Financial Reporting Standards and related Management Discussion and Analysis of Results of Operations (the “MD&A”). Selected financial highlights below are based on …
Tatneft: New Technologies to Maintain Reservoir Pressure
ALSU MATISOVA With many unique oilfields in late stage development, RPM, Reservoir Pressure Maintenance systems, are becoming increasingly important. It is the modern RPM systems, or, more precisely, the new technologies used to maintain the reservoir pressure that make it possible to increase oil recovery. Tatneft engineers are working first …
Tatneft: Q1 Production Up 37,000 Tons, New Drilling Activity Down
Crude Oil Production The amount of 2,152,179 tons of crude oil or 100.4 percent versus April 2013 was produced at JSC TATNEFT, while the four months production amounted to 8,604,860 tons which was 36,722 tons more than in 2013 (100.4%). The amount of 8,478,505 tons of oil was delivered since …
Tatneft: Results of Independent Reserve Audit
Based on the results of independent audit by Miller & Lents, Ltd. as of 1 January 2014 net reserves of Tatneft estimated in accordance with the Petroleum Resources Management System (PRMS) of the Society of Petroleum Engineers (SPE) were: Reserves Category Net Reserves Crude and Condensate, MBbls Gas, MMcf Proved …
TATNEFT Continues to Develop Cooperation with JSC “Ozenmunaygas”
Under the memorandum, signed in 2012, the experts of the Kazakh Oil Company “OMG” and TATNEFT Company introduce new technologies into operation. 20 chain drives of PTS80 type were put into operation. Compared to the conventional sucker rod pumping unit the advantages of PTS80 drives include reduction of dynamic loads …
Tatneft: Operating Figures for January and February 2014
Crude Oil Production In February 2014 the amount of 2,007,935 tons of crude oil or 100.4 percent versus February of 2013 was produced at JSC TATNEFT. The production volume for two months amounted to 4,229,831 tons, which was 20,877 tons more than in 2013 (100.5 per cent). Above-the-plan production of …
Engineers of Tatneft Are among the Best in Russia Again!
Professionals of JSC TATNEFT became winners at the XIVth All-Russian coтеуые “Engineer of the Year 2013” held annually by Russian and international unions of scientific and engineering public organizations with participation of the Academy of Engineering Sciences n.a. A.M. Prokhorov and Interregional Fund for Scientific and Technological Progress Promotion. By …
Top Managers of TATNEFT Participated in the Meeting with the Minister of Natural Resources of the Russian Federation
Nail Maganov, General Director of JSC TATNEFT, participated in the working meeting held by Sergey Donskoy, Minster of Natural Resources and Environment of the Russian Federation. The event was also attended by Denis Khramov, Deputy Minister of Natural Resources and Environment, Rais Khisamov, Deputy General Director – Chief Geologist of …
Tatneft: New Technologies for Enhanced Oil Recovery
The technology of controlled carbonate reservoir flooding through combined effects of sedimentation and gel-forming compositions (GEOS-K technology) is successfully implemented at TATNEFT Company to increase the recovery factor of the carbonate reservoirs. The technology developed by the experts of TatNIPIneft is applied at the late stage of developing deposits represented …
Efficient Technologies of Tatneft in Exploration of Oil and Gas Deposits
TATNEFT Company is successfully implementing the method of local targets geochemical testing in forecasting oil saturation. The technology developed by the Company’s professionals is related to the area of petroleum geology, and particularly to prospecting, exploration and delineation of oil and gas deposits. The method proposed by TATNEFT’s professionals involves …