Tatneft Crude Production Edges up in July

August 6, 2013

Tatneft has reported that it produced 2,217,706 tons of crude oil in July accounting for 100.7 percent versus July 2012. The amount of 15,149,829 tons of crude oil was produced during seven months, which was 33,564 tons more than during seven months of 2012 (102.2 percent) with the above-the-plan production in the amount of 395,939 tons (102.7 percent). The amount of 14,896,653 tons of oil was delivered with the above-the-plan delivery amounting to 429,413 tons.

The company also reported that new drilling penetration for seven months of 2013 amounted to 334,700 meters (379,300 meters during seven months of 2012). Of this amount 258,300 meters (281,900 meters during seven months of 2012) were penetrated for JSC Tatneft, including production drilling in the amount of 253.5 thousand meters and exploratory drilling amounting to 4.8 thousand meters.

21,800 meters (34,200 meters during seven months of 2012) were penetrated for the subsidiaries of JSC Tatneft, including production drilling in the amount of 16,500 meters and exploratory drilling in the amount of 5,300 meters.

215 wells (222 wells during seven months of 2012) were constructed and delivered to the customers with 151 wells (159 wells during seven months of 2012) delivered to JSC Tatneft, including 149 wells of production drilling and 2 wells of exploratory drilling.

18 wells were delivered to the subsidiaries of JSC Tatneft (17 wells during seven months of 2012), including 13 wells of production drilling and 4 wells of exploratory drilling.

Active Well Stock Drilling

The penetration of sidetracking and horizontal wellbores during seven months of 2013 amounted to 32,700 meters (29,900 meters during seven months of 2012). 15,400 meters (15,300 meters during seven months of 2012) were drilled for JSC Tatneft.

60 wells (50 wells during seven months of 2012) were delivered to the customers. Of this amount 41 wells (31 wells during seven months of 2012) were delivered to JSC Tatneft.

35 drilling crews have been performing well drilling operations since the beginning of 2013; 13 drilling crews are engaged in drilling lateral and lateral horizontal wellbores. One drilling crew performs drilling to the bituminous deposits of Ashalchinskoye field for NGDU "Nurlatneft". The penetration per crew in new drilling during seven months of 2013 amounted to 9,429 m, while during seven months of 2012 the penetration per crew amounted to 9,849 m.

33,100 meters were drilled outside the Republic of Tatarstan.

In July 2013 remedial servicing operations were performed in 735 wells (787 wells in July of 2012) with a number of wells serviced during seven months amounting to 4,813 wells (4,851 wells during seven months of 2012).

54 wells were repaired outside the Republic of Tatarstan, including 51 wells for OOO "Tatneft-Samara", 2 wells for OOO "Tatneft-Severny" and 1 well for JSC "Ilekneft" (34 wells were repaired during seven months of 2012 with 33 wells repaired for OOO "Tatneft-Samara" and 1 well for JSC "Ilekneft").

The workover operations were performed in 1,494 wells during seven months of the current year (212 wells in July) versus 1,374 wells for