October 2007

11.10.2007
Over a period of 9 months “Belkamneft” have gone beyond the plan having increased the production of “black gold” by 1.6%
The Group of companies of OAO “Belkamneft” (a subsidiary of OAO Oil and Gas company “RussNeft”) have summarized the operations over a period of 9 months in 2007. According to the company’s press-service, oil production in September exceeded the plan figures on 1 % totaling to 326, 909 thousand tons. In general, starting from the beginning of this year the actual volume of production exceeded the plan figures on 1,6% totaling to 3 million 607 thousand tons.

Starting form the beginning of this year the Group of companies of “Belkaneft” have conducted geological and technological operations (hydraulic fracturing of formations, acid slot perforation, drilling of horizontal wells) oriented at the increase of productive rate which is 13,6% more than what was preplanned. In particular, operations of high volume acid hydraulic perforation of formation elaborated by the experts of OAO “Belkamneft together with ”Schlumberger” proved to be highly effective. Those operations conducted in Russia for the first time turned put to be new for “Schlumberger” as well. The technology proven at the oil fields of Udmurtia will soon be applied in other regions.

Source: "Udm-Info"