INK increased production by 66% in the first half year

July 11, 2011

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.
ИНК в первом полугодии увеличила добычу на 66 процентов

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. The Yaraktinsky field has also enjoyed the largest percentage increase of 77.5% compared to the first months of production in 2009. Production at Yaraktinsky field has been constantly increasing every month (from 64 thousand tons in January to 87 thousand tons in June). Growth of production has been achieved by increase in number of producing wells. In 2011 INK plans to produce about 1 million tons of crude oil and condensate.

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 The Christian Orthodox Chapel would be built at the Yaraktinsky field