Surgutneftegas operates as an integrated oil producer in the Russian Federation. The company’s activities include prospecting and exploration of hydrocarbons, oil and oil and gas fields development and construction; oil products and petrochemicals manufacturing and marketing; power generation; and gas processing and gas products marketing. The company operates in 16 constituent territories of the Russian Federation – from Republic of Sakha (Yakutia) to Kaliningradskaya Oblast. Mineral resource base of the company consists of 134 license areas of 120,000 square kilo meters. Western Siberia Western Siberia is the core oil production area of Surgutneftegas. In 2008, exploration drilling was performed in 45 license areas in Khanty-Mansiysky Autonomous Okrug – Yugra and covered 123,200 meters. The company constructed 38 wells and discovered 5 new oil deposits as a result of the exploration drilling. In Yamalo-Nenetsky Autonomous Okrug the company conducted exploration works in 6 license areas. 2D seismic survey covered 1,200 linear km in 2 license areas. The company also obtained a license for the Tychelsky license area. In the south of Tyumenskaya Oblast 2 prospecting wells were constructed, the exploration drilling reached 5,800 meters. Eastern Siberia In 2008, the company expanded its resource base in Eastern Siberia through 4 license areas Ichersky and Pilyudinsky license areas (Irkutskaya Oblast), and Stanakhsky and Bakhchinsky license areas (the Republic of Sakha (Yakutia)). In the Republic of Sakha (Yakutia) geological exploration was carried out in 12 license areas, 2D seismic survey covered 750 kilo meters of the Yuryakhsky license area. The company also launched electric exploration in the Khoronokhsky license area, and 7 new structures were put into drilling in 4 license areas: Lyurinskaya, Kurumskaya, Vostochno-Nelbinskaya, Khongorskaya, Karstovaya, Mulisminskaya, and Delindinskaya structures. The company conducted 24,300 meters of the prospecting works, 6,400 m of exploration works, and completed construction of 13 wells. In Irkutskaya Oblast 2D seismic survey covered 1,250 linear kilo meters. Timano-Pechora In 2008, the company conducted 2D seismic survey for 760 linear kilo metrs, prospecting drilling covered 9,400 m in 3 license areas, and 4 exploration wells were completed and showed commercial oil inflow. In 2008, the company acquired 3 combined licenses for exploration and production within Madagashorsky, Vostochno-Simbeisky and Severo-Layavozhsky license areas of Nenetsky Autonomous Okrug. Power Generation As of December 31, 2008, Surgutneftegas operated 17 gas turbine power plants and 4 gas piston power plants with total capacity of 542 mW. Gas Processing The company’s plant process 50% of associated petroleum gas produced by it and manufactures stripped gas and liquid hydrocarbons.
surgutneftegaz-sp adr pref
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