Irkutsk Oil Company increased oil and gas condensate production in Q1
Edited by Rhod Mackenzie / 2014-07-03 05:34:57
The Irkutsk Oil Company (INK) increased oil and gas condensate production by 29.4% up to 1.785 million tons in January-June 2014 against the same period last year. The most of liquid hydrocarbons were produced at the Yaraktinskoye oil-and-gas condensate deposit (1.591 mln. tons).
The increase of production is due to an increase of well stock and the implementation of the world’s latest high technology for the increase of oil recovery and the gradual involving of other deposits of the company into the production process. It is said in a statement of the company.
