Yuzhny maintained the optimal level of oil production at the existing fields, but also continued to increase production volume.
The growth of oil production was mainly achieved by increasing the efficiency of geological and engineering operations and using advanced technologies.
By modelling the production facility and optimizing the well design based on a 3D geological and engineering model the Company obtained a record inflow of oil
The main oil producing region for the Company is Western Siberia Production drilling in the Company’s international projects increased by 9.3% compared to 2011, The number of oil production wells increased by 7.5% to 2,048 wells, of which 1,864 were in operation. A total of 263 new production wells were commissioned as part of international projects, in which the Group was a participant.