Irkutsk Oil Company (LLC) ranked nine in environmental responsibility rating of Russian petroleum companies, having demonstrated growth in all assessment criteria.
August production reached a record of 750,000 tons while eight months’ accumulation production topped 5 million tons, a 50% increase relative to the same period in 2015.
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 Company discovered a new gas condensate field at the Byuksky block in the Republic of Sakha (Yakutia). After a report on the area was examined, the State Committee for Reserves approved results and booked reserves on December 28th, 2015. The field reserves have been estimated to contain up to 13.5 billion cubic meters of gas.
INK’s official website, www.irkutskoil.ru, landed 2nd place in a competition ranking the best corporate websites of Siberia as of 2015.
The title of “Best Oil Company in Eastern Europe” was bestowed upon INK, making it the recipient of the award for the fourth consecutive year
The World Finance award is a testament to INK’s leadership in the Russian oil sector, a reminder that INK’s human talent, innovative approaches, and stable expansion outshines its competition. In 2015, in spirit of the previous statement, INK increased its oil production by 140% (in 9 months), advanced its infrastructural development, and expanded its potential in the oil market.
The total amount of drilling in the last decade, executed by the operating and exploration team of INK-Service (INK’s subsidiary), reached 1 million meters. This milestone was always in mind. In 2005, when the first oil well opened, a mere 3,000 meters were drilled. In the following year, two more wells were drilled, and the year after that brought forth three more. Steadily, the amount of rigs in operation increased and with it the total meters drilled.
The Russian agency "Expert" published its rating of the 600 largest companies by revenues in the “Commersant” daily. Oil and gas companies revenues comprised 29.6% of the sales volume, with Irkutsk Oil Company placing 115th on the list.
Irkutsk Oil Company’s Executives Nikolay Buynov and Marina Sedykh named Entrepreneurs of the Year by RBC
RosBussinessConsulting, Russia’s leading informational and analytical media group, named Irkutsk Oil’s CEO Mrs. Marina Sedykh and Board of Directors’ Chairman Mr. Nikolay Buynov as the Entrepreneurs of the Year.
Irkutsk Oil Company was included in Russia’s top five environmentally responsible oil companies by the “Common Sense” project on December 9th, 2014. The project is organized by the World Wildlife Fund (WWF) and the Creon group with the participation of National Rating Agency.
Irkutsk Oil Company was named the best company in Irkutsk regions’ Fuel and Energy Complex for the second consecutive year.
Irkutsk Oil was included in the list of Russian Top-30 of fastest-growing companies and received the honorary second place in this list. This annual rating is organized by the most prominent Russian business news agency RosBusinessConsulting (RBC). The journalists who conducted this research approved the benevolent influence that fast-growing companies hold over old industries, blossoming sectors, and new markets.
The newly constructed office center “Astra”, Irkutsk Oil Company’s current headquarters, received the Commercial Real Estate Federal Award 2014 in category of ‘Business Center of B Class’. Astra office complex was built by “Activ” group with the involvement of Irkutsk Oil Company itself. The annual commercial Real Estate Awards was established in 2003 by the industry business community initiative and has already proved itself as a prestigious title. Winning the Awards is viewed by INK as an important achievement as it helps with the promotion of the company image on both the Russian and international market.
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.
World Finance names Irkutsk Oil as Best Independent Oil and Gas Company in Eastern Europe for second consecutive year
The notorious financial magazine World Finance is a leading financial and business publication, produced bimonthly by World News Media from its global headquarters in London. According to the publisher, the audience of this magazine is 120,000 people. Begun in 2007, the World Finance Awards annually celebrate achievement, innovation and brilliance in different areas. The Oil and Gas nomination has been presented since 2010. International experts analyze development progress and activities of companies from varied spheres/sectors, then choose the best of them under the criteria of modernization success, production growth, market share, and relationships with partners and customers, segregating industry by regions
RusEnergy, the Russian leading information agency ranked Irkutsk Oil Company as №1 in the category of “the Small/medium sized company of the year”. According to analysts of the “RusEnergy”, Irkutsk Oil Company is an exceptional company in the Russian oil and gas industry. For many years the company has been working in East Siberia, patiently re-investing its net revenues in exploration and production.
One of the leading financial magazine "World Finance" awarded "Irkutsk Oil Company" as "Best independent company in Eastern Europe 2012".
The European Bank for Reconstruction and Development (EBRD) Sustainability awards 2012 took place on 17-20 of May during EBRD’s Annual Meeting and Business Forum in London. EBRD promotes environmental and social sustainability through investments in projects, financial intermediaries and technical cooperation programs. But unlike most international financial institutions, the Bank reports on the impact of these investments as well as recognizing its clients’ progress in promoting environmental and social responsibility.
Nikolay Buynov has been awarded with a medal at Baikal Economic Forum to recognize contribution of Irkutsk Oil Company to welfare of Irkutsk region
On September 13, 2011 Mr. Nikolay Buynov, President and Chairman of Board of Directors of Irkutsk Oil Company has been awarded with a special medal to recognize a significant role of the company in the economic development of the region. The awarding ceremony took place during the Baikal Economic Forum and was in connection with celebrations of the city’s 350th anniversary. The honorable medal was given to 430 citizens of Irkutsk, those who contributed largely to the economic, cultural or social development of the region. Among the nominees were government officials, local congressmen, members of the region’s Council, as well as the region most famous scientists, artists, and businessmen.
During celebration of the 85th Anniversary of the All Russia Association of the Blind on April 12, 2010, Marina Sedykh, Chief Executive Officer of Irkutsk Oil Company, was awarded a Certificate of Merit by the Irkutsk Regional Government. Alexander Moiseev, Deputy Chairman of the Government of Irkutsk Region, presented the award.