Bashneft-Polyus intends to start development of Trebs & Titov's fields in 2016, as i t was informed.
The parties considered realization of the above project and cooperation in the social sphere.
Bashneft-Polyus is a JV set up by Bashneft and LUKOIL. It started maintenance and pilot development of the above fields in Aug. 2013. The output gained 290ths ton; in 2014 the figures can reach 900ths ton.
The steady output at both fields is expected to reach 4.8mln ton/y. The project is appraised to demand 180bn rub.
Bashneft (TIN 0274051582) is a head entity included into the fuel-energetic complex of Bashkortostan. It gushes out the crude in Bashkortostan, Western Siberia and Orenburgsky reg. The proved reserves cover 2.007bn barrel of the crude. Bashneft keeps 279 licenses; 162 fields being under development.
The 9-month net profit plunged 21.3% (IAS) to 32.542bn rub. from 41.347bn rub. prior year period. The revenues added 6.2% to gain 417.054bn rub. from 392.688bn rub.; corrected EBITDA - 1.1% to 76.981bn rub. from 76.119bn rub.; operating profit - 4.8% to 61.952bn rub. from 65.072bn rub.; net debt - 18.6% to 57.504bn rub. from 70.651bn rub. The 9-month 2013 output at the fields reached 11.9mln ton or 3.2% higher prior year period; the average daily extraction increased 3.6% to 318.2ths barrel.
The 9-month 2013 net profit (RAS) boosted 1.45 fold to 48.764bn rub. from 33.545bn rub.; revenues being up 4% to 373.811bn rub.; costs being down 10% to 192.355bn rub. from 214.208bn rub.
"AK&M", 16:25, 25.03.2014 1251 AKM,COR