About TATNEFTManagement BodiesHistory of TATNEFT Group
For shareholdersInformation disclosureControl and Management SystemCorporate management
EnvironmentAtmospheric air protectionIndustrial Environmental Monitoring
Social PolicySocial PrioritiesSupport of Small and Medium-Sized Business
TATNEFT Develops Oilfield Services
The Company acquired OOO TNG-AlGIS, which assets are primarily located in Almetyevsk from OOO TNG-Group.
The purchase and sale agreement has been signed by Nail Maganov, General Director of PJSC TATNEFT, and Yan Sharipov, General Director of OOO TNG-Group.
The assets acquired by the Company include production bases, equipment, hardware complex, special equipment, vehicles, a client base and a portfolio of existing contracts.
Being one of the leading oilfield service companies in the region, TNG-AlGIS provides services for carrying out geological and production geophysical works in structural, exploration and production wells. The acquisition of TNG-AlGIS will improve the operations efficiency at the Company's fields being commissioned, production management and development planning processes.
At the current stage of development, TNG-AlGIS will continue its operating activities as a subsidiary of TATNEFT while maintaining the number of employees.
Nail Maganov, General Director of PJSC TATNEFT:
TATNEFT is actively developing service projects for drilling, well workover, including those outside Tatarstan. The acquisition of an oil service enterprise will ensure a synergistic effect, will help building a service ecosystem, and will increase the value of TATNEFT at the expense of coming into new markets for offering the geophysical well survey services. For our Company this means an additional expansion of competencies, business diversification, as well as a decrease in dependence on contractors."
Forward-looking statements: This press release contains certain statements regarding future events and expectations, which are forward-looking in nature. Any statement in this press release that is not a historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ materially. PJSC TATNEFT shall assume no obligation to update such forecasts to reflect actual results, changes in assumptions or changes in factors affecting these statements.
Subscribe to news
Your address will only be used for newsletters and will not be shared with any third parties.