RusEnergy

19/07/2006 RZD News - The General Director of OAO TATNEFT Sh. F. Takhautdinov presented a report on the results of the Company’s activity during the first half of the current year and he also briefly reviewed the steps to be taken to further enhance the production efficiency. OAO TATNEFT produced over 12.7 million tons of crude oil during the period of 6 months. Over 45% of the total production volume had been extracted through application of the up-to-date methods of oil recovery enhancement. The total production at the scale of the whole Republic of Tatarstan amounted to 15.6 million tons of crude oil. Tatneft-Burenye (Drilling) Company penetrated 385 thousand meters of rock including 110 thousand meters for Joint Ventures and independent oil companies. The program of developing and introducing new technologies in well constriction has been continued allowing for quite noticeable increase of their production rates. 10 multibranch downhole splitters have been drilled, 4 wells have been drilled with application of underbalanced drilling (UBD), and radial drilling technology has been applied at 12 wells, reports TATNEFT press-service.