Tatneft and Turkmenistan's State Concern Turkmennebit have signed a supplementary agreement to continue work at the Goturdepe field. The new document was signed by Nail Maganov, General Director of TATNEFT, and Guichgeldi Baigeldiev, Chairman of the Turkmennebit State Concern, the Russian company informed.
The supplementary agreement shall be extended until 2028 and it will expand the cooperation between the companies in the area of enhanced oil recovery. The work program includes the first, the second and the third oil fields of NGDU "Goturdenebit" in addition to those where TATNEFT had been introducing the Company's technologies from 2011 to 2014 and from 2018 to 2020.
During the joint work, the State Concern "Turkmennebit" and TATNEFT Company produced 286 thousand tonnes of additional oil based on the results of the geological and technical measures and created more than 480 new jobs. TATNEFT introduced modern oilfield equipment, automation and telemechanics at the wells of the Goturdepe field as part of the production program implementation. TATNEFT professionals develop a digital model of the field. Further cooperation will expand the program of increasing the crude oil production in Turkmenistan.
In parallel with the main program under the contract with the State Concern the works were organized for the repair of submersible electric pumps, and projects were implemented for organizing the repair of oil tubing pipes, for increasing the turnaround time of wells, and supplies of equipment and inventory items for Turkmen oil workers are underway.
PJSC Tatneft (tax number: 1644003838) is one of the largest Russian oil companies today and is an internationally recognized vertically integrated holding. The industrial complex of the company includes steadily developing enterprises of crude oil and gas production, petroleum refining, petrochemicals production, the tire-manufacturing complex, network of filling stations and services. Tatneft also has a stake in the financial sector companies.
RAS net profit of Tatneft for January-September 2020 decreased by 65% to RUB 52.37 billion. Revenue from sales of finished products, works and services (net of VAT, export duties and excise duties) decreased by 21.4% to RUB 483.76 billion.
