OREANDA-NEWS. TATNEFT Group: Figures Demonstrating Results of Operations in February of 2016.

Crude Oil Production

In February 2016, the companies of TATNEFT Group produced 2,213,716 tonnes of crude oil or 108.4% versus February 2015 (+171,555 tonnes), while the production for two months amounted to 4,570,880 tonnes of oil (106.3% or +269,584 tonnes).

The production volume for PJSC TATNEFT amounted to 2,186,514 tonnes of crude oil (108.3% versus February 2015(+167,118 tonnes), while the two months production volume amounted to 4,513,799 tonnes (106.1%, +260,905 tonnes).

The Company’s subsidiaries produced in the licensed areas outside the Republic of Tatarstan in February 27,202 tonnes (119.5 percent versus February 2015, +4,437 tonnes) with the two months production volume amounting to 57,081 tonnes (117.9%, 8,679 tonnes).

New Drilling

98 wells were constructed and delivered to customers, which was twice as many as during the similar period of 2015 (48 wells in 2015), including production drilling amounting to 59 wells and 1 well was delivered in the exploratory drilling, while drilling to bitumen deposits accounted for 38 wells.

Active Well Stock Drilling

The meterage of sidetracking and drilling of horizontal wellbores accounted for delivery of 10 wells, which was 1.5 fold more than the similar period of 2015 (2015 - 6 wells).

The average number of drilling crews performing conventional well drilling operations during two months of 2016 amounted to 48 with 12 drilling crews engaged in drilling laterals and lateral horizontal wellbores.

10 drilling crews performed drilling to the bituminous deposits.

Repair of Wells

Remedial well servicing was performed in 1,573 wells at the facilities of PJSC TATNEFT in two months of 2016 (828 wells in February 2016) by the crews of remedial servicing, workover and enhanced oil recovery, while workover operations were performed in 354 wells (205 wells in February).

There were 5 remedial servicing operations performed in wells at OOO “Tatneft-Samara” and 5 wells at OOO “Tatneft-Severny” outside the Republic of Tatarstan.

Formation hydrocracking operations were carried out in 116 wells (72 wells in February).

Crude oil recovery enhancement operations were performed in 439 wells (252 wells in February), including chemical methods applied in 217 wells (121 wells in February).

Production Performance of JSC TANECO

The TANECO Complex of Refining and Petrochemical Plants processed 755.3 thousand tonnes of raw materials in February 2016 and 1,554.3 thousand tonnes since the beginning of the year with processing of 694.9 tonnes of the petroleum feedstock in February and 1,435.1 thousand tonnes since the beginning of the year.

The Complex yielded 724.8 thousand tonnes of oil products in February 2016 and 1,493.7 thousand tonnes since the beginning of the year.