25 Apr 2012 17:44

Varyoganneftegaz expects to produce extra 1 mln tonnes of oil through wellwork program in 2012

MOSCOW. April 25 (Interfax) - TNK-BP subsidiary Varyoganneftegaz expects to produce an additional 1 million tonnes of oil by implementing a large-scale wellwork program in 2012, TNK-BP said on its website.

"The company plans to reactivate idle wells and improve active well stock production performance by implementing a package of process solutions that include fracturing, bottom-hole optimization, water shut-off, well chemistry and sidetracking," it said. As of today, Varyoganneftegaz's production stock includes approximately 2,200 wells.

"Pursuant to the business plan, the wellwork program is to provide more than 14% of the total Varyoganneftegaz production volume in 2012," it said.