Vostokgazprom increases gas output 10% in Jan-Sept, oil production up 37%
TOMSK. Oct 5 (Interfax) - OJSC Vostokgazprom produced 2.471 billion cubic meters of gas in January-September 2012, up 10% year-on-year, the company said in a statement.
Gross oil production rose by 37% to 776,000 tonnes in January-September. At the same time, gas condensate output decreased by 7% to 160,000 tonnes.
The statement said that oil and gas production increased thanks to the commissioning of new production wells and the implementation of a program to develop new fields in the Southern group, as well as effective measures to intensify production (side-tracking, fracturing, and other efforts).
Vostokgazprom has commercial production operations at the Myldzhinskoye and North Vasyuganskoye gas condensate fields, and the Kazanskoye oil and gas condensate field. The company holds the rights to develop seven oil and gas license blocks: Myldzhinsky, North Vasyugansky, Kazansky, Ostaninsky, Chkalovsky, Rybalny and Somovsky.
Vostokgazprom, formed in 1999, including Tomskgazprom, Gaztransservis, Tomskneftegazpererabotka, Novosibirskneftegazpererabotka and other companies. The company also owns LLC Sibmetakhim, which was formed n 2006 and combines the methanol assets of Russian gas giant Gazprom .
