Crude Oil Production

Enterprises of the TATNEFT Group of Companies produced 2,177 thousand tonnes of crude oil in October with the production volume from the beginning of the year amounting to 21,725.8 thousand tonnes, which was 3,126 thousand tonnes less than during the same period in 2019.

PJSC TATNEFT's production volume amounted to 21,151 thousand tonnes of crude oil in October with the Company's production from the beginning of the year amounting 21,458 thousand tonnes (-3,120 thousand tonnes versus the relevant period in 2019).

The Company's production from the licensed areas outside the Republic of Tatarstan amounted to 26.36 thousand tonnes in October and 267.1 thousand tonnes from the beginning of the year (-5.9 thousand tonnes versus a relevant production volume in 2019).

The production volume of the high-viscosity oil amounted to 299.7 thousand tonnes in October and 2,767 thousand tonnes from the beginning of the year, which was 545.7 thousand tonnes more, than the production volume for the relevant period in 2019.

New Drilling

492 new wells were built and delivered to the customers in October (596 wells in 2019), including drilling of 451 production wells with the exploration drilling accounting 10 wells and 31 wells drilled to bitumen deposits.

Active Well Stock Drilling

12 wells were delivered to the customers in the category of sidetracks and horizontal wellbore drilling in nine months of 2020.

Drilling of Wells Outside the Republic of Tatarstan

As of today, drilling of one production well and two exploratory wells was completed for OOO Tatneft-Samara Company in the Samara Region.

The completion and testing operations are underway at well No. 5r of the Tibeyvisski field in the Nenets Autonomous Okrug.

Repair of Wells

The remedial well servicing and workover crews performed basic well servicing in 7,681 wells at the sites of PJSC TATNEFT in nine months (805 wells in October of 2020), while the workover operations were performed at 1,722 wells (186 wells in October).

Formation hydrocracking operations were performed 323 wells (2 wells in October).

Crude oil recovery enhancement operations were performed in 889 wells (34 wells in October).

Production Performance of JSC TANECO

The TANECO Complex of Refining and Petrochemical Plants processed 918.4 thousand tonnes of raw stock in In October and with the volume processed from the beginning of the year amounting to 9,996.2 thousand tonnes; the volume of petroleum feedstock processed in October amounted to 862.2 thousand tonnes and 9,468.7 thousand tonnes processed since the beginning of the year.

The TANECO Oil Refining and Petrochemical Plants and Complex yielded 871.9 thousand of petroleum products in October 2020 with the total yield from the beginning of the year amounting to 9,408.4 thousand tonnes. The production of motor gasoline brands amounted to to 89.99 thousand tonnes in October (1,009.3 thousand tonnes from the beginning of the year), and diesel fuel production in the amount of 237.7 thousand tonnes (2,730.3 thousand tonnes from the beginning of the year).

Forward-looking statements: This press release and materials thereby referred to contain certain statements about future events and expectations that are forward-looking in nature. Any statement in this press release or these materials that is not a statement of a historical fact shall be a forward-looking statement that involves known and unknown risks, uncertainties and other factors, which cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. PJSC TATNEFT shall assume no obligations to update the forward-looking statements herein contained to reflect the actual results, changes in assumptions or changes in the factors affecting these statements.

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OAO Tatneft published this content on 02 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2020 15:29:06 UTC