Production and development

Upstream

Offshore projects

Production and development

Natural gas

Exploration

Production and development

The introduction of modern methods of increasing oil recovery and the replication of highly efficient operating assets with a high degree output. It is the construction of high-tech wells with multi-stage hydraulic fracturing and the use of new methods of displacing oil residues.

The core activity of PJSC Sakhavostokneftegaz are production and development of oil and gas in an unpleasing and unforgiving weather in remote regions of Russia and offshore projects

77
Liquid Hydrocarbons

235,000 boe per day, we achieved 77% more for the last 2 years of advanced operations

57
Natural Gas

57% increment from the past 3 years to a total of 1.2 billion cubic meters of clean natural gas

Over the past few years, PJSC Sakhavostokneftegaz has drastically improved its operations, productions and development in the oil and gas sector, our mission is to compete with state owned refineries in terms of hydrocarbon reserves and liquid hydrocarbon production.

Increasing the company’s resources base is one of the major key priorities as our share in the Russian crude oil production is currently 3.4%. over the course of the years, we have achieved 77% increment of our liquid hydrocarbons reserves.

We operate and carry out activities in the following regions in Russia; Western Siberia, Russia’s Far East, Southern Russia and Eastern Siberia.

Western Siberia exploration is a key asset to the company in which account for about 10% of the company’s production, which we conducts geological exploration and development of deposits in 17 licensed areas.

The company achieved a better result in producing 10.4 million tons of oil in 2018, exceeding 2017 result of 7.1 million tons. The achievement was due to the large-scale use of innovative technologies and the introduction of custom-owned scientific developments in advanced exploration and drillings.

The rapid growth of the refinery’s oil production was as a result of new additional partnership, with experts in deep exploration and drilling in new fields and the replication of high efficient drilling technologies, geological and technical measures.

Thus giving the company positive dynamics of liquid hydrocarbon production.

13 million tons


of crude oil, we achieved in the year 2018

315+ wells


crude oil wells we explored and drilled over the past few years

17 billion m3


of clean natural gas we explored to far

61 million tons


of oil and gas condensate reserved

barrels of crude oil refines per day.