TATNEFT Releases Figures Demonstrating Results of Operations in March and during Three Months of 2016
OREANDA-NEWS. In March 2016 TATNEFT Croup enterprises produced 2,361,275 tonnes of crude oil (104.1% versus March 2015, +94,044 tonnes) with the three months volume amounting to 6,932,155 tonnes (105.5% versus 2015, + 363,628 tonnes).
The production volume of PJSC TATNEFT amounted to 2,332,729 tonnes of crude oil in March (104.0% versus March 2015, +90,369 tonnes) with the three months volume amounting to 6,846,528 tonnes (105.4% versus 2015, +351,274 tonnes).
The subsidiaries produced 28,546 tonnes (114.8 percent versus March 2015; +3 675 т) with the three months volume amounting to 85,627 tonnes (116.9 percent, +12,354 tonnes) in March 2016 at the licensed areas outside the Republic of Tatarstan.
The estimated production level was surpassed at PJSC TATNEFT in March by 52,724 tonnes (102.3 percent) with the three months figure amounting to 141,999 tonnes (102.1 percent). The highest overfulfillment since the beginning of the year was ensured by NGDU "Almetyevneft", "Bavlyneft" (104.1 percent) and "Elkhovneft" (103.2 percent).
The subsidiaries of TATNEFT surpassed the plan in March in the licensed areas outside the Republic of Tatarstan by 0.77 thousand tonnes (102.8 percent) with the volume for three months amounting to 5,359 thousand tonnes (106.7 percent).
151 new wells were built and delivered to customers during three months, including 53 wells constructed in March and of this amount the production drilling covers 94 wells with 35 production wells in March, while the exploratory drilling accounts for 1 well (no delivery in March); drilling to bitumen: 56 wells with18 wells drilled in March.
Active Well Stock Drilling
There were 19 sidetracks and horizontal wellbores delivered during three months with 9 of them delivered in March.
The average number of crews engaged in conventional drilling during three months of 2016 amounted to 48.
12 drilling crews were engaged in drilling sidetracks and horizontal wellbores.
4 drilling crews performed drilling to the bituminous deposits.
Repair of Wells
During three months of 2016 remedial well servicing was performed in 2379 wells by the crews of remedial servicing, workover and enhanced oil recovery at the facilities of PJSC TATNEFT (806 wells in March), while workover operations were performed in 563 wells (208 wells in March).
Outside the Republic of Tatarstan remedial servicing operations were performed in 13 wells at OOO “Tatneft-Samara” and 9 wells at OOO “Tatneft-Severny”.
Formation hydrocracking operations were carried out in 176 wells (64 wells in March).
Crude oil recovery enhancement operations were performed in 664 wells (239 wells in March), including chemical methods applied in 331 wells (114 wells in March).
Production Performance of JSC TANECO
The TANECO Complex of Refining and Petrochemical Plants processed 814.4 thousand tonnes of raw materials in March 2016 and 2,368.7 thousand tonnes since the beginning of the year, including 740.00 thousand tonnes of petroleum feedstock and 2,175.0 thousand tonnes since the beginning of the year.
The Complex yielded 781.8 thousand tonnes of oil products in March 2016 and 2,275.5 thousand tonnes since the beginning of the year.