Tuesday, 14 April 2015
7480

Gazprom Dobycha Krasnodar Announces Results of 2014 Production and Business Activities

In the last year gas production increased over the targets by 0.5 per cent up to 3156.1 million cubic meters; liquid hydrocarbon production increased by 5 per cent to the plan and amounted to 332 thousand tonnes.

The planned increase of hydrocarbon reserves was fully met and stood at 576 thousand tonnes of fuel equivalent; capital workover operations have been carried out at 35 wells.

The company plans to reconstruct the existing production facilities and commission the new ones. Significant investment funds will be allocated for these purposes.

Alexander Koryakin, the Company's CEO said: "We can confidently say that, despite the difficult economic situation in the country, our company has fully complied with the main performance indicators in the field of hydrocarbon production. This means that the chosen strategy aimed at production process optimization is effective. We will continue to be keen to hit the target, apply new methods in field development, and implement new projects."

Background

Gazprom Dobycha Krasnodar LLC is a wholly-owned subsidiary of Gazprom. The company is engaged in the development of 50 fields including 31 gas fields, 11 gas and condensate fields, 7 oil, gas and condensate fields, and one oil field. Gazprom Dobycha Krasnodar operates 1,199 wells and annually produces about 3.2 billion cubic meters of gas and 332 thousand tonnes of liquid hydrocarbons. The company's production facilities are located in the Krasnodar Territory, the Rostov Region, the Republic of Adygea, the Stavropol Territory, the Republic of Kalmykia and the Komi Republic. Gazprom Dobycha Krasnodar has eight branches, including three gas production directorates. Gazprom Dobycha Krasnodar introduced the ISO 14001:2004 environmental management system. The company is employing over 2,000 people and is headquartered in Krasnodar.

Translated by UTime News team
Original Russian version

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