Tatneft reserves up 2% in 2015
MOSCOW. June 6 (Interfax) - Tatneft had total proved reserves of 869.8 million tonnes oil as of January 1, 2016, according to an audit conducted by Miller&Lents, the company said in an annual report for its annual shareholders meeting.
Reserves grew 2.1%, from 851.5 million tonnes at the beginning of 2015.
The company had enough reserves to sustain current levels of output for 32 years. The reserve replacement ratio was 166%.
Investment in exploration and production came to 60.6 billion rubles last year.
Most of the reserves are in the internal Russian republic of Tatarstan, where Tatneft produced 26.9 million tonnes of oil last year, the most for 20 years and 2.7% more than in 2014. Investment in the resource potential in Tatarstan totaled 27.7 billion rubles.
Tatneft produced 322,000 tonnes outside Tatarstan, 4.9% more than in 2014. Investment came to 2.3 billion rubles, 20% of it in exploration and production wells, 64% on the construction of infrastructure and completion of a gas utilization unit at the Irgizskoye field in the Samara region and the rest in seismic and other geological work.
Outside Tatarstan the company operates in the Samara, Orenburg and Ulyanovsk regions, Nenets Autonomous District and Republic of Kalmykia. It operated 24 fields in 2015, two of them, Severo-Khayakhinskiye and Podveryuskoye in the Nenets district, in pilot mode. Oil is produced from 122 wells, 118 of them in the Samara region and four in the Orenburg region.
Tatneft and Turkmenistan's state-owned Turkmenneft signed a service contract in 2010 for EOR crude oil production at the Goterdepe oil field in Turkmenistan. As of January 1, 2016, production at the field totaled 123,100 tonnes, above a targeted 94,700 tonnes.
Tatneft invested more than 30 billion rubles in highly viscous oil production in 2015. Production at the Ashalchinskoye field rose 60% last year to 376,400 tonnes. The total since pilot production began was 930,000 tonnes as of the end of 2015. Planned viscous oil production this year is at least 531,000 tonnes.