Press release (Tatneft): Figures Demonstrating Results of Operations for Six Months of 2018

Crude Oil Production

The enterprises of TATNEFT Croup of Companies produced 2,373 thousand tonnes of crude oil in June 2018, while the production volume for six months  amounted to 14,283  thousand tonnes, which was 98 thousand tonnes less, than in 2017 In this volume the production of PJSC TATNEFT amounted to 2,346 thousand tonnes with the six months production volume amounting to 14,115 thousand tonnes (minus 88 thousand tonnes versus the same period in 2017).

The production in the licensed areas outside the Republic of Tatarstan amounted to 28 thousand tonnes in June, while the six months production amounted to 169 thousand tonnes (minus 9 thousand tonnes versus a six months period of 2017).

The production volume of high-viscosity oil amounted to 158 182 tonnes, while the production volume from the beginning of the year amounted to 933208 tonnes (+209564 tonnes versus the same period of 2017)

New Drilling

280 new wells were built and delivered to customers in June with the production well drilling amounting to 164 wells with 61 wells drilled as in-fill wells, exploratory drilling accounting for 5 wells and drilling to the bitumen deposits amounting to 111 wells.

Active Well Stock Drilling

The number of delivered sidetracks and horizontal wellbores amounted to 56 wells.

There were 164 production wells delivered, while the planned number amounted to 145 wells.  

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 delivered to customers in the Samara region. Drilling of wells No. 18 and 361r is underway

Repair of Wells

The remedial well servicing and workover crews performed basic well servicing in 4,948 wells at the sites of PJSC TATNEFT in six months of 2018 (5,534 wells in six months of 2017). There were 26 repair operations performed at the licensed areas outside the Republic of Tatarstan (32 operations within six months of 2018).

Workover operations were performed at 1,302 wells during six months (1,291 wells during 6 months).

Formation hydrocracking operations were carried out in 435 wells during six months (429 wells in 2017). The growing incremental crude oil production amounted to 16 million 060 thousand tonnes of crude oil.

Crude oil recovery enhancement operations were performed in 1,181 wells (1,414 wells during six months in 2017), including chemical methods applied in 535 wells (638 wells during six months in 2017.  The incremental oil production volume through application of the oil recovery enhancement methods amounted to 4 mill lion 433 thousand tonnes (107 percent to the plan with the chemical methods accounting for the increase in the amount of 1 million 222 thousand tonnes (114 percent to the plan)

Production Performance of JSC TANECO

The TANECO Complex of Refining and Petrochemical Plants processed 778.2  thousand tonnes in June with the volume processed since the beginning of the year amounting to 4,640.6 thousand tonnes with 710,4 thousand tonnes of raw petroleum materials processed in June and 4,248,4 tonnes of petroleum feedstock processed  since the beginning of the year.

The Complex yielded 729.2 thousand tonnes of petroleum products in June 2018 with the production volume amounting to 4,380.6 thousand tonnes yielded since the beginning of the year.

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