Surgutneftegas engages in the exploration, development, drilling of oil properties in Russia. The company incorporates research and development, exploration, production, oil and gas processing and marketing divisions. It operates in 16 regions of the Russian Federation. Oil production In 2007, Surgutneftegas produced oil at fields in Western Siberia, – core area of its operation, as well as to develop infrastructure of its new area, – Eastern Siberia. It is developing 49 fields in Western Siberia. It also constructed 141 horizontal wells and fulfilled 1,123 hydrofracturing operations, including 420 hydrofracs on old well count. In 2007, the field produced 223.5 thousand tons of oil. Gas production In its gas production segment, the company facilitates development of infrastructure for gathering, treatment, transportation and utilization of natural and associated petroleum gas. In 2007, Surgutneftegas produced 14.1 bcm of associated petroleum gas (APG). It commenced production of natural gas at the Talakanskoye field. The company operates 9 compressor stations across transmission lines and 7 low stage compressor stations. It constructed approximately 129 kilo meters of gas pipeline. In 2007, the company’s hydrocarbon output was totaled 64.5 mn tons of crude oil and 14.1 bcm of gas. Power generation In 2007, the company commissioned 2 gas turbine power plants (GTP) at the Zapadno-Chigorinskoye and Verkhne-Nadymskoye fields, and started construction of additional 2 GTP plants at the Talakanskoye and Rogozhnikovskoye fields. In 2007, Surgutneftegas operated 15 gas turbine power plants with total capacity of 379.5 mW, and 3 gas piston power plants generating 22.3 mW. Oil refining and gas processing Refining and petrochemical segment is represented by its refinery, – KINEF, Ltd., – which produces various petroleum products (17 types or 85 grades). It sold approximately .2 mn tons of refined products through its own marketing network. Gas processing Gas processing is a key stage in the company’s system of production, gathering and utilization of associated petroleum gas. The company’s gas processing plant, – Gas Processing Division (UPG), – converts associated petroleum gas into stripped petroleum gas and liquid hydrocarbons.
surgutneftegaz-sp adr pref
(SGTPY:OTC Markets Group Inc - Current Information)
Ul. Grigoriya Kukuyevitskogo 1
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