In 2020, the Company focused on stabilizing production by implementing geological, technological, organizational, and technical measures as part of its production program. The Group commissioned 41 new wells at its companies’ fields, conducted a number of well interventions (sidetracking, fracking, and well re-completion to overlying formation), as well as 131 other well interventions.
Including the share of Zarubezhneft, the hydrocarbon production totaled 4,403,000 toe. Production declined by 8% compared with the previous year because the major fields of the JV Vietsovpetro, the White Tiger and the Dragon fields, entered the complex final development stage and all assets of the Russian segment in the OPEC+ deal were included within the oil production quota allocation.
ZARUBEZHNEFT - Dobycha Kharyaga LLC
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