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A subsidiary of “RussNeft” – “Belkamneft” plans to increase oil production by 6.2% - up to 4.2 mln. tons in 2011

15.02.2011 “RosBusinessConsulting”

Izhevsk. OAO “Belkamneft” (a subsidiary enterprise of OAO “NK ”RussNeft”) in 2011 plans to produce 4.2 mln. tons of oil, that 6.2% exceeds the last year figure (3.955 mln. tons), the company informs.

In 2010 total capital investments of “Belkamneft”, aimed at financing oilfield construction plans at Udmurt Republic, amounted to 1.8 billion rubles.
In 2011 the company plans to drill 29 new wells at six oilfields: Centralnoye, Patrakovskoye, Korobovskoye, Tucmachevskoye, Yuskinskoye, Oblastnovskoye. The expected increase in oil production due to putting them into operation has to amount to 200 thousand tons.
It is also noted that in 2011 “Belkamneft”, using horizontal drilling, put into operation new oil well №2409 at Yuskinskoye field with daily debit 350 tons.
“Belkamneft” – a subsidiary enterprise of OAO “NK “RussNeft”, carries out the production and preparation of oil at Udmurt Republic, Bashkortostan and Kirov Oblast. The group consists of OOO “Belkamneft”, OOO “Udmurt national oil company”, OAO “Udmurt national company”, OAO “Udmurtgeologiya”, OAO “Uralskaya neft”, OOO “Regionalny neftyanoy consortsium”.
In the development of “Belkamneft” group of companies there are 42 oilfields, production testing is being fulfilled at 9 fields.

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