Figures Demonstrating Operation Results in October 2019
Crude Oil Production
The enterprises of the TATNEFT Group of Companies produced 2,449 thousand tonnes of crude oil in October 2019, while the production volume for ten months of the year amounted to 24,852 thousand tonnes of crude oil, which was 506 thousand tonnes more than during the similar period in 2018. The PJSC TATNEFT’s production volume amounted to 2,471 thousand tonnes of crude oil in October with the production volume for ten months of the year amounting to 24,578 thousand tonnes (+516 thousand tonnes versus 2018).
The Company’s production from the licensed areas outside the Republic of Tatarstan amounted to 28.2 thousand tonnes, while the production volume since the beginning of the year amounted to 273 thousand tonnes (- 10 thousand tonnes versus 2018).
The production volume of the high-viscosity oil amounted to 255 thousand tonnes in October with the volume of 2,222 thousand tonnes produced since the beginning of the year (+617 thousand tonnes versus the same period of 2018).
596 new wells were built and delivered to customers in ten months (496 wells in 2018), including the drilling of 470 production wells and 113 wells drilled to bitumen deposits with exploration drilling accounting for 13 wells.
Active Well Stock Drilling
62 wells were delivered in the category of sidetracks and horizontal wellbore drilling for ten months of 2019.
Drilling of Wells Outside the Republic of Tatarstan
As of today, there were eight production wells and 1 exploratory well drilled in accordance with the plan; drilling of the production well No. 346 and the exploratory well No 33 for OOO Tatneft-Samara Company is underway.
Drilling of well No. 4p Severo-Khayatinskaya is underway in the Nenets Autonomous District. Drilling of wells No. 5p Vostochno-Khayatinskaya, No. 6p Vostochno-Khayakhinskaya and 3p Severo-Khayatinskaya has been completed and they are in the process of production testing.
Repair of Wells
The remedial well servicing and workover crews performed basic well servicing in 8,744 wells at the sites of PJSC TATNEFT in October of 2019 (860 wells in October), while the work over operations were performed at 2,103 wells (203 wells in October).
Formation hydrocracking operations were performed at 718 wells (75 wells in October)
Crude oil recovery enhancement operations were performed in 1,494 wells (145 wells in October), including chemical methods applied in 576 wells (55 wells in October).
Production Performance of JSC TANECO
The TANECO Complex of Refining and Petrochemical Plants processed 1,028.5 thousand tonnes of raw stock in October with the volume processed since the beginning of the year amounting to 8,890.97 thousand tonnes and the volume of petroleum feedstock in the amount of 962.6 thousand tonnes processed in October, while the volume of the petroleum feedstock processed since the beginning of the year amounted to 8,162.4 thousand tonnes.
The Complex yielded 966.03 thousand tonnes of petroleum products in October 2019, while the products yield since the beginning of the year amounted to 8,243.5 thousand tonnes, including motor gasoline brands production accounting for 119.7 thousand tonnes, and 927.04 thousand tonnes since the beginning of the year and diesel fuel production in the amount of 315.6 thousand tonnes and 3,039.52 thousand tonnes since the beginning of the year.
Forward-looking statements: This press release and materials thereby referred to contain certain statements about future events and expectations that are forward-looking in nature. Any statement in this press release or these materials that is not a statement of a historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors, which October cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. PJSC TATNEFT shall assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.
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