News

Moscow. RussNeft increased oil production in 2011 by 5.6 % as compared with the previous year - up to 13.6 million tons, according to the Company’s press-release / In 2012 the copany intends to raise production volume by 3% - up to 14 million tons. The production growth became the result of successful implementation of large-scale drilling programs in the regions of operation of a number of the holding’s upstream companies – in West Siberia, the Tomsk region, Udmurtia. Thus, during the accounting period there were drilled 186 wells, including 34 horizontal wells, the meterage reached 550.210 thousand meters. Due to the new wells the aggregate production increment amounted to 1 523 thousand tons of oil. Oil production growth was also promoted by implementation of workovers program.

Saratov. OAO Saratovneftegaz, OAO NK RussNeft subsidiary, continues to implement effective APG utilization program. A range of measures at Malinoovrazhnoye oil field makes it possible to utilize APG by 100% even today.

Moscow. In 2012 RussNeft intends to cut down the debt by 600 million USD up to 4.4 billion USD - stated President of the Company Mikhail Gutseriev. ”We`ll cut it down by 600 million USD”,- said Gutseriev to the journalists behind the scenes of “Forum Russia 2012”.

Izhevsk. Company Press Service informed Interfax that in 2011 OAO Belkamneft (NK RussNeft subsidiary (RTS Index: RUSN), Udmurtia) increased oil production by 7% - up to 4.258 million tons compared to the previous year.

Ulyanovsk. OAO Ulyanovskneft, a subsidiary enterprise of OAO NK RussNeft, allocated 35 252 million rubles to realization of corporate social programs in 2011.