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"Aganneftegasgeologia" is going to increase by half their investments into oilfields.

05.02.2008 "Uralinformbiuro"

NIZHNEVARTOVSK DISTRICT, Khanty-Mansi administrative area. The amount of capital investments planned for construction and development of the oilfields of OAO MPC ":Aganneftegasgeologia" (a subsidiary of OAO NK "RussNeft") in 2008 will amount to 1 billion rubles, which exceeds the analogous figure of the last year by 50%.

According to the information received by "Uralinformbiuro" from the press-service of MPC, the main amount will be invested in Roslavlskoye oilfield where they started construction of boosted compressor station No 3. Putting into operation of the first stage of the BCS is scheduled for the second half of this year. The investment objects of the company include as well a 24.5 km long  gathering pipeline, which is to connect BCS-2 with the earlier constructed section of pipeline BCS-2 - CPF of Zapadno-Mogutlorskoye oilfield. Commissioning of the pipeline, scheduled for April, will complete the stage of upgrading technological pipelines at the oilfields of "Aganneftegasgeologia". Besides, business-plan of the MPC includes reconstruction and expanding of CPF of Zapadno-Mogutlorskoye oilfield, construction of the road connecting BCS-3 with the net of field motorways, a modular laboratory complex at Roslavlskoye oilfield and a number of other industrial objects. Such an substantial growth of investments  into development of the company's infrastructure is stemming from the fact that "Aganneftegasgeologia" is planning to reach the production level of 2 million tons a year.

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