Udmurtneft Replenished Oil Reserves By 152% In 2023
The Udmurtneft company (operating under the management of Rosneft Oil Company and the Chinese petrochemical corporation Sinopec) in 2023 replenished oil reserves by 152%.
Increasing the efficiency of reserve replenishment is one of the key elements of Rosneft’s development strategy. The company plans to replenish at least 100% of produced hydrocarbons.
Over the past 5 years, Udmurtneft has discovered two new fields and added 20 new deposits to its balance sheet.
The high efficiency of the enterprise’s geological exploration work is achieved through the use of innovative technologies and effective interaction between Udmurtneft specialists and the Rosneft Scientific Institute in Izhevsk.
The result of joint work in 2023 was the discovery of a new field named after. A.A. Zelenina at the Sharkansky license area. The total increase in recoverable oil reserves last year amounted to almost 9 million tons.
