A conference of the employees of TATNEFT, which summed up the Company’s activities results and fulfillment of the Collective Agreement for 2012 and outlined the tasks for the current year, was held in the city of Almetyevsk (Republic of Tatarstan).

 

In 2012, TATNEFT Company successfully pursued accomplishment of the strategic objective for stabilization of crude oil and gas production. The Company produced 26 million and 5 thousand tons of crude oil, accounting for 76.6 thousand tons increase versus 2011. This is the maximum amount of crude oil produced in the last 16 years.

 

New approaches to solving the Company’s business issues aim at increasing the crude oil recovery ratio. Promising areas of the activities include further development of drilling horizontal and multilateral wells, as well as small diameter wells.

 

Further development of horizontal drilling technologies envisages multistage hydraulic fracturing in extended horizontal wellbores, which will result in the multiple expansion of filtration area.

The Company will continue the development of Ashalchinskoye extra-viscous oil field. The Company has elaborated a business project for the development of this field envisaging 10 pairs of horizontal wells drilled per year.

 

The Joint Stock Company professionals will apply the most advanced existing technologies for the development of hard-to-recover hydrocarbon reserves. The plans provide for close cooperation with the "Skolkovo" Innovation Center. JSC TATNEFT has recently signed an agreement with the latter on establishment of the Company’s scientific and technical center on the territory of Innograd (City of Innovations).

 

An integral indicator of the Company’s technological development level is the mean time between failures (MTBF) of the wells in operation. Application of innovative technologies, introduction of up-to-date equipment and improvement of service operations quality allowed increasing the mean time between failures index to 1,199 days.

 

Objectives of the Joint Stock Company for 2013 include inter alia further work on introduction of innovative technologies in production, transportation and crude oil and gas processing, drilling and well workover; development of heavy oil reserves, licensed areas in the Russian Federation and outside; continuation of the large-scale project implementation to build petrochemical and refining plants in Nizhnekamsk, etc.