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INK Discovered Two Oil Field in Irkutsk Region
July 3, 2017

INK Discovered Two Oil Field in Irkutsk Region

Irkutsk Oil Company (INK) discovered two new oil fields at the Kiysky and Srednenepsky blocks in the Irkutsk region. 

Irkutsk Oil Company Increased Production by 42% in the First Half of 2016
July 5, 2016

Irkutsk Oil Company Increased Production by 42% in the First Half of 2016

The INK Group produced 3.55 million tons of crude oil and condensate in the first half of 2016, (a 42 % increase in comparison to the same period of 2015). Similar to previous years, Yaraktinsky field was the main source of production.

Irkutsk Oil’s Production Exceeds 23,000 Tons A Day
June 14, 2016

Irkutsk Oil’s Production Exceeds 23,000 Tons A Day

In an effort to achieve the foregoing result since September 2014, INK Group constructed well pads, increased the number of producing wells, and implemented new technology to enhance its oil recovery to further develop field infrastructure.

Irkutsk Oil's 2015's Three Quarters are 40% higher than the same quarters in 2014
October 6, 2015

Irkutsk Oil's 2015's Three Quarters are 40% higher than the same quarters in 2014

INK Group has produced 4 million tons of oil and condensate in the first 9 months of 2015, a 140% increase in comparison to the same period in 2014. The entirety of the hydrocarbon production of the company originated from a total of eight fields.

Irkutsk Oil Production Increases By 140% in the First Half Year
July 2, 2015

Irkutsk Oil Production Increases By 140% in the First Half Year

Irkutsk Oil Company produced over 2.5 million tons of oil and condensate in the first half of 2015, a 1.4 fold increase relative to the same period in 2014.

Irkutsk Oil’s cumulative production exceeds 15 million tons
June 5, 2015

Irkutsk Oil’s cumulative production exceeds 15 million tons

Irkutsk Oil Company cumulatively produced its 15-millionth ton of hydrocarbons on June, 5 2015 since its inception in November 2000.

Irkutsk Oil Increased Production by 45% in the First Quarter of 2015
April 6, 2015

Irkutsk Oil Increased Production by 45% in the First Quarter of 2015

INK Group produced 1.25 million tons of oil and condensate in the first quarter of 2015, a 45 % increase to the same period in 2014. This growth is attributed to the increase in the number of producing wells and the advancement of implementing recovery rate technology.

Irkutsk Oil increased oil and gas condensate production by more than a third in 2014
December 29, 2014

Irkutsk Oil increased oil and gas condensate production by more than a third in 2014

In 2014, Irkutsk Oil Company produced over 4 million tons of oil and gas condensate, a 38% increase compared to the previous year. In 2015, the company plans to increase its production of liquid hydrocarbons by 50%, aiming to produce 6 million tons. In November 2014, the company’s cumulative production of liquid hydrocarbons since inception exceeded 12 million tons.

INK Increased Production by One Third In Three Quarters of 2014
October 10, 2014

INK Increased Production by One Third In Three Quarters of 2014

INK Group has produced 2.8 million tons of crude oil and condensate in the first 9 month of 2014, a 34% increase in comparison to the same period of 2013. Like in previous years, this growth is due to the increase of producing wells and application of advance technologies such as artificial lift and fracturing. Moreover, INK Group progressed development by fracturing certain low-permeable rocks and stimulated oil production from areas where traditional technologies were helpless.

INK Increased Production by 29.4% in the First Half Year
July 3, 2014

INK Increased Production by 29.4% in the First Half Year

INK Group produced 1.785 million tons of crude oil and condensate in the first 6 months of 2014, a 29.4% increase contrasting that of the same period in 2013. Most of the production (1.591 million tons or 89% of the total volume) was retrieved from Yaraktinsky field. This growth bloomed thanks to the increase in producing wells, integration of the world’s leading technologies specializing in oil recovery, and the gradual introduction of new fields into operation.

Irkutsk Oil Company Produces Its Ten-Millionth Ton of Oil
May 15, 2014

Irkutsk Oil Company Produces Its Ten-Millionth Ton of Oil

Irkutsk Oil Company’s cumulative liquid hydrocarbon production exceeded 10 million tons in May 2014. For many years the Company has been steadily increasing its oil and condensate production and expanding its number of both producing and perspective license blocks and fields.

Modeling the Future
March 28, 2014

Modeling the Future

“Irkutsk region’s oil and gas condensate fields’ development must be multifaceted,” said Nikolay Buynov, Chairman of the Board, during the Irkutsk-based conference entitled “Development of Oil and Gas Resources of East Siberia and the Far East”.

Irkutsk Oil Company shipped the 1st million ton of crude oil via ESPO
November 11, 2011

Irkutsk Oil Company shipped the 1st million ton of crude oil via ESPO

On the 10th of November 2011 Irkutsk Oil Company supplied first million tons of oil to ESPO (East Siberia – Pacific Ocean) pipeline. The company’s president Mr. Nikolay Buynov and Mrs. Marina Sedykh, CEO greeted employees with this important milestone achievement.

INK increased production by 77% to 827 k-tons in the first three quarters of 2011
October 7, 2011

INK increased production by 77% to 827 k-tons in the first three quarters of 2011

INK Group produced 827,100 tons of crude oil and condensate in the first 9 months of 2011, a 77% increase compared to the same period of 2010. Most of production (761,300 tons or 92% of the total) was originated at Yaraktinsky oil and gas condensate field. The Yaraktinsky field has also enjoyed the largest percentage increase of 87.7% compared to three quarters of production in 2010. Oil production at Yaraktinsky field has been constantly increasing every month (from 61 thousand tons in January, to 107 thousand tons in June). Growth of production has been achieved by increase in number of producing wells and putting a new booster pumping station into operation. Crude oil is treated at Yaraktinsky field at oil treatment facility (OTF) and delivered to the ESPO pipeline.

Irkutsk Oil Company supplied over half million tons of crude into ESPO system
July 13, 2011

Irkutsk Oil Company supplied over half million tons of crude into ESPO system

As of July 11th, 2011, Irkutsk Oil Company has delivered its 500th thousand ton of oil into Transneft’s ESPO system. The Company hopes that another important milestone of 1 million tons of crude oil uploaded into ESPO would be reached by year end. The construction of 62 km connecting pipeline from Yaraktinsky field to ESPO with capacity of 3.5 million tons per year was completed in the end of 2010. The pipeline was put into operation on January 18, 2011 and its first ton of oil was delivered via ESPO pipeline to port Kozmino in February of this year.

INK increased production by 66% in the first half year
July 11, 2011

INK increased production by 66% in the first half year

INK Group produced 503,600 tons of crude oil and condensate in the first 6 months of 2011, a 66.2% surge compared to the same period of 2010. Most of production (446,300 tons or 89% of the total) was originated at Yaraktinsky oil and gas condensate field.

Irkutsk Oil increased 1st quarter production by 61% compared with the same period of 2010
April 6, 2011

Irkutsk Oil increased 1st quarter production by 61% compared with the same period of 2010

Irkutsk Oil Company produced 252.9 thousand tons of oil and condensate in the 1st quarter of 2011, a 61% increase over the same period of the last year. An increase was reported at all of the company’s producing fields including Yaraktinsky (206,000 tons or 63.3% increase) and Danilovsky (35,200 tons or 36.6% increase). The company produced 5,100 tons of oil and condensate at Markovsky and 3,900 tons at West Ayansky fields in the 1st quarter alone. The company’s target is to reach 1 million tons of production in 2011, which would be a 1.5 increase compared with last year's production. Increase in production is attributed to an extensive drilling program and an application of advanced drilling techniques.

Crude production is growing
November 11, 2010

Crude production is growing

During the period from January to October this year, Irkutsk Oil Company produced 523,790 tons of oil and condensate, some 1.8-fold increase over the same period of last year. This increase was due to the commissioning of new producing wells and applying of the artificial lifting technology to the wells which have been drilled in the past.

Russian-Japanese joint-ventures find oil and gas in Irkutsk Region
October 25, 2010

Russian-Japanese joint-ventures find oil and gas in Irkutsk Region

At a joint press conference in Irkutsk, Mr. Hirobumi Kawano, President of Japan Oil, Gas and Metals National Corporation (JOGMEC), and Mr. Nikolay Buynov, Chairman of Irkutsk Oil Company, confirmed test production of oil and gas at three licensed blocks in the north part of Irkutsk Region where they jointly performed geological survey (“GS”).

October 21, 2010

INK has obtained a production license to develop the Angaro-Ilimsky field

JSC “SNGK”, a subsidiary of Irkutsk Oil Company has obtained a license for exploration and production at the Angaro-Ilimsky oil and gas condensate field. The field is located in the Ust’-Udinsky and Bratsky districts of in the Irkutsk region of Eastern Siberia, Russia.

The production increase of INK is 82%
October 6, 2010

The production increase of INK is 82%

For the past 9 months of 2010, Irkutsk Oil Company increased oil and condensate production to 467 300 tons, an 82% increase over the same period of last year.

Irkutsk Oil Company significantly increases oil and condensate production in 1H10
June 30, 2010

Irkutsk Oil Company significantly increases oil and condensate production in 1H10

In the first half of 2010, Irkutsk Oil Company increased oil and condensate production to 303,000 tons, an 88.7% increase over to the same period last year.