Lukoil plans to take Kama-Oil production to 1.2 mln tonnes by 2016/17
PERM. May 24 (Interfax) - Russian oil major Lukoil plans to take oil production at the deposits of CJSC Kama-Oil in Perm Territory located beneath the Verkhnekamsk deposits of potassium-manganese salts to 1.2 million tonnes a year by 2016 or 2017, Lukoil-Perm LLC chief Alexander Leifrid told Interfax.
Leifrid said that from 2008 to 2022 investment in Kama-Oil's development should run to about 22 billion rubles.
Among plans for this year is opening a deposit in the Rostovitskaya structure, the latest of Kama-Oil licensed sections, Leifrid said.
Last month, Lukoil bought businessman Dmitry Rybolovlev's stake in Kama-Oil, created by Lukoil-Perm LLC and Rybolovlev's organization Madura Holding, Ltd. Lukoil-Perm now owns 99.99% of the stock in Kama-Oil.
The company holds resource-usage licenses for six sections in Perm Territory, and is producing at three - South-Yurchuksy, Zhilinsky, and Belsky. Last year, the company opened two new deposits - Sukharev at the Kondassky section and Provorovsky at the East-Pashkovsky section. Geological prospecting work is being done at the Rosovitsky section.
Kama-Oil's deposits hold recoverable C1 resources of around 12.8 million tonnes and C2 reserves of some 11 million tonnes.
