Yanuary 2008

21.01.2008
Bottom lines of JSC "Belkamneft" group of companies were summed up
Izhevsk. JSC "Belkamneft" group of companies (a wholly-owned subsidiary of JSC Oil and Gas company "RussNeft") has summed up a bottom line for 2007. Accomplishment of the planned extent of oil production amounted to 101,4%. All in all, for the last year "Belkamneft" group of companies has produced 3 mln. 995 thous. 794 tonnes of oil (plan number 3 940,561 thous. tonnes). Something like 329 thous. tonnes of oil have been produced in 2007 thanks to the stimulation of production and application of the workovers programs. For 12 months of the last year there have been held 821 geological and engineering actions, which summed up 119,8% to the plan numbers.

As explained by Vladimir Ignatko, CEO of JSC "Belkamneft", the Company is still holding up leadership among oil producing companies of Udmurtia in the sense of putting into operation new oil-wells. In 2007 on the oil fields of the Company 32 new oil-wells and 19 fill-in wells came onstream.
Successful production activity of JSC "Belkamneft" has directly reflected on the budgetary recharge of all levels. Tax expenses of "Belkamneft" group of companies amounted to 14,6 bln. Rub., including Agreement with Administration of the Udmurtian Republic - more than 1,9 bln. Rubles.


Source: IA «Den»