RussNeft to Increase Oil Production at Tomsk Block

RussNeft plans to produce 333 thousand tons of oil at the Tomsk block in 2010, exceeding the analogous determinant of 2009 (197.9 thousand tons) by 40%. The growth of hydrocarbons production will be reached through implementation of large-scale drilling programs at the oil fields of Russneft in Eastern Siberia.

Stolbovoye oil field plans to raise oil production output four times as compared to last year. This year 11 new wells will be drilled here. RussNeft is going to bring the Stolbovoye oil field, where recoverable resources amount to 12.2 million tons, to the maximal level of commercial production in the shortest possible time. In three years, Russneft will try to bring annual production output at Stolbovoye oil field to 1 million tons.

The recoverable resources of Fediushkinskoye oil field amount to 3.6 million tons. 3D seismic works are under way at the area of 100 square kilometers. The exploration will permit to specify geological structure of the oil field and to prepare it for commercial operation.