Bashneft to spend 18 bln rubles on drilling 340 wells in Bashkortostan up to 2021
UFA. June 19 (Interfax) - Bashneft, which came under Rosneft control in October of last year, has announced a tender for the drilling of 340 operating wells at oil fields in Bashkortostan in 2017-2020.
According to materials on the official procurements portal, the initial contract value is 18.366 billion rubles.
The contractor will drill 93 directional and 247 horizontal wells in four years. The wells will be built on the basis of a daily rate contract.
Bids to participate in the tender are to be submitted by June 30 and the results are to be announced on September 28.
As reported, the oil company has historically contracted Targin companies which have provided a significant part of Bashneft's service works. According to an Interfax source, Targin carries out around 40% of the drilling work in Bashkortostan and around 60% of well renovations.
In December 2016 Rosneft bought 100% of Targin shares from AFK Sistema for 4.1 billion rubles.
