OREANDA-NEWS. Delegation of "Zarubezhneft" JSC headed by the General Director Sergey Kudryashov visited production facilities of the company in Nenets Autonomous Area – Kharyaginskoye field, being developed on terms of PSA together with French company Total and Norwegian Statoil, and North-Khosedayuskoye field, being developed by the company RUSVIETPETRO together with Vietnam. General Director of "RUSVIETPETRO" JV Vladimir Vsevolozhskiy, top managers and specialists of the companies were also in the delegation.

In the course of the on-site visit the workshops have been held, where the specialists reported about the progress of work, problems and plans for the future. Particularly, the questions of field development process optimization, expansion and development of production capacities have been discussed in details.

At North-Khosedayuskoye field of "RUSVIETPETRO" JV the delegation also visited rotators` camp and the canteen, where it took a look at social and living conditions of the specialists, who have to be on watch under harsh conditions of the Far North. At the moment of the delegation`s visit the temperature at the oilfield reached -30C.

Results obtained by "RUSVIETPETRO" JV point to the fact that the company has powerful potential production and good development prospects.

Great job has been performed, but more have to be done to achieve stable growth of oil production, Sergey Kudryashov asked to pay special attention to this while discussing production questions at the company`s production facilities.

As a part of its activity on the territory of NAA, the state-owned company Zarubezhneft and its joint venture RUSVIETPETRO actively participate in social and economic life of the region and support cultural and sport projects and programs of NAA.

On March 23 heads of "Zarubezhneft" JSC and "RUSVIETPETRO" JV took part in the annual sports festival in Naryan-Mar – All-Russian contest on snowmobile races "Buran-Dey". This bright sporting and cultural event has enormous popularity among the residents of NAA and its guests.

According to the cooperation agreement dated 2009 "RUSVIETPETRO" JV and administration of NAA signed the document on allocation of funds in the year 2013 for financing the events in the field of social and cultural development of the Nenets Autonomous Area.

Kharyaginskoye field development project.

In the year 2009 the Agreement was signed on the transfer by “TOTAL E&P Russie” and “Norsk Hydro Sverige A.B.” to “Zarubezhneft” JSC of 20% of all investor’s rights and obligations in the Agreement on development and oil production at Kharyaginskoye field under production sharing basis. Zarubezhneft`s entry in the project allows to increase economic benefit of the project for our country.

About 1,5 mln tones of oil is produced annually at Kharyaginskoye field.

Project of "RUSVIETPETRO" JV.

Joint company RUSVIETPETRO was formed in 2008 by "Zarubezhneft" JSC and Vietnamese state oil and gas corporation "Petrovietnam". In recordingly short time under hard conditions of Far North the company completed and put into commercial operation 3 from 13 oilfields in NAA. For 3 years (2010-2012) more than 50% recoverable oil reserves of Central Khoreyver Uplift have been developed.

RUSVIETPETRO consistently increases oil production. In 2011 the company produced 1,5 mln tones of oil, in 2012 – 2,09 mln tones, and it is planning to produce 2,8 mln tones of oil this year.

Cumulative oil production of RUSVIETPETRO in 2013 will mark 5 mln tones.

Total investment in the project amounted to more than 27,6 billion rubles.