Press release: Figures Demonstrating Results of Operations in May 2018

Crude Oil Production

The enterprises of TATNEFT Croup of Companies produced 2,446 thousand tonnes of crude oil in May 2018, while the production volume for five months amounted to 11,910  thousand tonnes, which was 110 thousand tonnes less than in 2017 In this volume the production of PJSC TATNEFT amounted to 2,414 thousand tonnes with the five months volume amounting to 11,678 thousand tonnes (minus 101 thousand tonnes versus the same period in 2017).

The production in the licensed areas outside the Republic of Tatarstan amounted to 29 thousand tonnes in May, while the five months production amounted to 141 thousand tonnes (minus 9 thousand tonnes versus a five months period of 2017).

The production volume of high-viscosity oil amounted to 161,414 tonnes, while the production volume from the beginning of the year amounted to 775,026 tonnes (+185,812 tonnes versus the same period of 2017)

New Drilling

242 new wells were built and delivered to customers in May (317 wells in 2017), with the production well drilling amounting to 150 wells and drilling to the bitumen deposits accounting for 92 wells.

Active Well Stock Drilling

The number of delivered sidetracks and horizontal wellbores amounted to 43 (34 wells in 2017).

Drilling of Wells outside the Republic of Tatarstan

The completion and testing process is underway at well # 1 of the Dolansko-Erdnievsky area In the Republic of Kalmykia, well No. 1 Barriernaya was temporarily plugged and abandoned.

There were 2 production and 1 exploration well were delivered to customers in the Samara region.

Repair of Wells

In five months of 2018 the remedial well servicing and workover crews performed basic well servicing in 4,010 wells at the sites of PJSC TATNEFT (761 wells in May.  Workover operations were performed at 1,039 wells during five months (170 wells in May).

There were 20 repair operations performed at the licensed areas outside the Republic of Tatarstan.

Formation hydrocracking operations were carried out in 347 wells (77 wells in May).

Crude oil recovery enhancement operations were performed in 968 wells (213 wells in May), including chemical methods applied in 411 wells (92 wells in May. 

Production Performance of JSC TANECO

The TANECO Complex of Refining and Petrochemical Plants processed 786.8  thousand tonnes in May with the volume processed since the beginning of the year amounting to 3,862.3 thousand tonnes with 689.2 thousand tonnes of raw petroleum materials processed in May and 3,537.98 tonnes of petroleum feedstock processed  since the beginning of the year.

The Complex yielded 744.9 thousand tonnes of petroleum products in May 2018 with the production volume amounting to 3,651.5 thousand tonnes yielded since the beginning of the year.

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