Gazpromneft to increase difficult oil production up to 1 500 000 million tons

“Gazpromneft” is about to increase tight oil production up to 1.518 million tons this year. It is 3 times more year-on-year. The question is only about the reserves, which production profitability is higher than 25%.

According to the deputy director of the geological and engineering operations department of OJSC “Gazpromneft-Noyabrskneftegas” S.Mezikov, the profitability of operations depends both on technological decisions and balanced tax policy.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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