Extension of OPEC deal aimed at aligning energy prices dynamics, Kremlin saysBusiness & Economy May 23, 15:41
Kremlin unveils Putin-Macron talks agendaRussian Politics & Diplomacy May 23, 15:16
Syrian opposition faction leader warns Geneva talks may break downWorld May 23, 15:10
Russia's top diplomat says Syria settlement requires Iran’s participationRussian Politics & Diplomacy May 23, 14:38
Four men and a dog: How Papanin’s team conquered the North PoleSociety & Culture May 23, 14:20
World Bank predicts investments in Russia’s fixed assets to surge to 2% in 2017Business & Economy May 23, 14:16
Manchester shopping mall evacuated following terror attackWorld May 23, 13:44
Lavrov warns Syria’s plight will drag on if efforts to divide it continueRussian Politics & Diplomacy May 23, 13:41
Forces behind Manchester attack seek to spread panic across globe, Russian think tank saysRussian Politics & Diplomacy May 23, 13:31
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.