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Surgutneftegas

February 16, 2004

Exploration division of OJSC "Surgutneftegas" is expanding its scope of work

In 2003, exploration drilling in OJSC “Surgutneftegas” amounted to 244.1 thousand meters (some 40% of the overall industry meterage).

The Company discovered 6 oil deposits and 5 new fields (Suryeganskoye, Vatlorskoye, Yuzhno-Soimlorskoye, Severo-Vatlorskoye and Yuzhno-Alekhinskoye). The Company’s Exploration Division has significantly increased its efficiency: the cycle of well construction has been reduced by 14% to 97 days, all key performance indicators such as output per crew, cutting rate, overall drilling speed and headway per drill bit have been improved.

The Company’s Exploration Division today is 2 deep drilling expeditions, 11 drill crews, 10 well test crews, and 2 pre-commissioning crews. This year the Company is going to form one more deep drilling expedition. The Division has 61 drilling rigs, including 30 diesel power drilling rigs; 12 rigs are equipped with multistage circular drilling mud cleaning systems, which allows us to maintain environmental safety while drilling in priority environmental areas and water protection zones.

Owing to the fact that it has its own construction and transportation divisions and thanks to the technological intensiveness of its Exploration Division, OJSC “Surgutneftegas” is able to lay out thousands of kilometers of winter roads, construct dozens of drilling sites, and relocate equipment and vehicles over long distances. On average, the Company annually relocates by helicopters 15 to 20 drilling rigs.

With its equipment the Exploration Division can potentially drill 280 to 300 thousand meters a year. However, over the past two years there have not been any license competitions held, and the geologists have, therefore, to scale down prospecting works.

In 2004, the Company’s exploratory drilling is to amount to 234 thousand meters, including 6 thousand meters in the Republic of Sakha (Yakutia). Since OJSC “Surgutneftegas” is entering new license areas in Eastern Siberia, it will experience in 2005 an increase in volume of work. 

The Company’s geologists are currently working on design estimate documentation for exploration and prospecting at the Kedrovy, Peleduisky and Khoronokhsky license areas in Yakutia.

This year, the Company is planning to carry out 50% of its exploration activities within the boundaries of the Numtoisky, Logachevsky, Rogozhnikovsky, Zapadno-Kamynsky, Vostochno-Mytayakhinsky, Chaprovsky, Novo-Nadymsky and Nizhne-Sartymsky license areas. In 2003, there were already discovered five fields in the above-mentioned territories.

Press Service of OJSC “Surgutneftegas”

 

 

 

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