Irkutsk Oil's 2015's Three Quarters are 40% higher than the same quarters in 2014
October 6, 2015
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.
INK steadily continues to implement advanced technologies to increase the growth of the production rate. The amount of exploration drilling accomplished by the INK-Service reached 291,000 meters in the three quarters of 2015 (150% increase in comparison to the same period in 2014 and 16% increase over the initial target set for the period).
Within the last four years, Irkutsk Oil has boosted the per day production by 340%, and last year produced 4.1 million tons of oil and condensate. In 2015, the production target is set at 5.6 million tons of oil and condsensate.
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