Stalin, Lenin busts unveiled at Walk of Rulers in MoscowSociety & Culture September 22, 14:49
Russia’s Sberbank to leave some European countries due to sanctionsBusiness & Economy September 22, 14:19
Kremlin spokesman declines to comment on Tillerson’s criticism of RussiaRussian Politics & Diplomacy September 22, 14:01
First serial-produced nuclear-powered icebreaker Sibir floated out in St. PetersburgMilitary & Defense September 22, 13:51
Russian submarine hits terrorist targets in SyriaMilitary & Defense September 22, 13:41
Russia never placed political ads on Facebook — KremlinRussian Politics & Diplomacy September 22, 13:24
China calls on all parties to abandon provocations and pass on to talks on Korea problemWorld September 22, 13:14
Russia expects South Korea to ensure security at Winter Olympics — KremlinSport September 22, 13:13
Kremlin spokesman says no plans to deploy UN mission to Russian-Ukrainian borderRussian Politics & Diplomacy September 22, 13:04
SURGUT, June 29. /TASS/. Surgutneftegaz plans to bring into operation 19 greenfields in East and West Siberia in five years, Chief Executive Officer of the Russian oil major Vladimir Bogdanov said on Wednesday at the annual general meeting of shareholders.
"The company plans to commission 19 more greenfields in West and East Siberia in the next five years," Bogdanov said.
Surgutneftegaz is currently the leader in drilling on greenfields, he said. The company accounted for nearly a half of greenfield wells drilling and commissioning in Russia, Bogdanov added.
Reserves increment will be at least 70 mln tonnes, the top manager said.
"According to our plans, the increment in 2016 should be at least 70 mln tonnes," Bogdanov said. C1 category resources are meant, he added.
Surgutneftegaz plans to maintain the oil and gas production level in coming five years.
"Our strategy is to keep the level [of oil and gas production - TASS]. We are increasing the oil recovery ratio on account of that," he said. Surgutneftegaz currently has the highest oil recovery ratio in Russia, the official added.
"We do not intend to contract the oil production investment program. All the planned projects will be financed, Bogdanov said.
Company’s investments into oil production were over 260 bln rubles ($4.1 bln) in 2015, Bogdanov said. Oil production level of 61 mln tonnes achieved in 2015 is optimal, he added.
Surgutneftegaz will not take part in privatization of stakes in Russian oil producers Rosneft and Bashneft, Bogdanov said. "We have everything we need," he said.