JSC «NK «Neftisa» Increases Reserves and Oil Production at the Untygeyskoye field in Khanty-Mansi Autonomous District

11 october 2019

       JSC «NK «Neftisa», which is part of the SAFMAR Group of Companies of Mikhail Gutseriev, over the past 2 years has increased oil reserves at the Untygeyskoye field of the Khanty-Mansi Autonomous District by 10 million tons, up to 56 million tons, which is stated in the report of the company.
       The development of the field is carried out by the subsidiary «CanBaikal» LLC, which has successfully increased oil production at the field by 4.2 times: up to almost 600 thousand tons from 140 thousand tons in 2010. At the same time, the introduction of new technologies, including also multi-stage hydraulic fracturing, allows to get high starting flow rates of up to 150 tons per day in new sites.
      The growth of the resource base allowed JSC «NK «Neftisa» to increase its forecast for production at the Untygeyskoye field: in 2020 production will increase to 826 thousand tons of oil per year, and in 2021 up to 900 thousand tons.
        «CanBaikal» LLC conducts exploration and production at 4 fields: Zapadno-Malobalykskoye, Untygeyskoye, Atayskoye, and Ayskoye. The geography of the activities of JSC «NK «Neftisa» covers seven major regions of the Russian Federation, including the Tyumen, Novosibirsk and Samara Regions, the Khanty-Mansi Autonomous District — Ugra, the Komi Republic, the Republic of Udmurtia, and the Perm Region. The company carries out geological exploration and oil production in 109 licensed sites. The fund of existing production wells is 2.5 thousand.
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