Surgutneftegas produced 30,435.8 thousand tons of oil during six months of this year. Compared to the same period of 2011, crude output increase equaled to 1.3%. In particular, crude production in the new region of the Company’s operations namely at the Talakanskoye, Alinskoye, Severo-Talakanskoye fields in the Republic of Sakha (Yakutia) amounted in January-June 2012 to 3,125 thousand tons, up by 27% compared to the last year.

 

Since the beginning of this year, the Company has produced around 6,065 million cubic metres of gas. Gas utilization rate across the Company as a whole exceeded 97%. Besides, gas is used as fuel for in-house gas turbine and gas piston power plants where power generation covers 35% of Company’s general power requirements.

 

In-house drilling within six months of the current year amounted to 2,392.8 thousand metres of rock including exploratory drilling exceeding 108.8 thousand metres. Compared to January-June of the previous year, development and exploratory drilling grew by 10.5% and 15.8%, respectively.

 

Oil and gas producer Surgutneftegas is one of the largest companies in the Russian oil sector. It accounts for almost 13% of the country’s crude output and 25% of gas produced by domestic oil companies.

 

Over many years, the Company has been leading the industry in terms of exploratory and development drilling, as well as the number of production wells brought on stream. Crucial competitive advantage of Surgutneftegas lies in advanced petroleum production technology successfully applied by its own service subdivisions.