Tomskneft to increase investment program by 73% in 2016

​Tomskneft (a JV of Rosneft and Gazprom Neft) in 2016 plans the investment program at the volume of 21.714 bln roubles.

In 2015 the investment program made up 12.551 bln roubles. So in 2016 the investment growth will amount to 73%.

In 2016 Tomskneft plans to invest 19.4 bln roubles into the development and production modernization, including 8.5 bln roubles into operational drilling (in 2015 – almost 8 bln rubles) and 6.9 bln roubles into production construction and development of wells (in 2015 – almost 4 bln roubles). Almost 930 mln roubles Tomskneft will direct for technical retooling and emergency free operation. The expenditure for social purposes are planned at 864 mln roubles.

Tomskneft is the holder of 24 licenses o oil and gas extraction in the Tomsk region, 7 licenses for the right to use subsoil in the Khanty-Mansi Autonomous Area, 7 licenses for geological study with further extraction of hydrocarbons. It is the agent for the development of 2 license sites of Rosneft. The expected recoverable reserves of Tomskneft taking into account the sites of Rosneft in the Tomsk region make up about 380 mln tons of oil and condensate and 122 bln cubic m of gas.