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For 9 months of 2010 Slavneft’s subsidiaries produced 13.8 mln tons of oil

13.10.2010

In January-September 2010, the subsidiaries of ОАО NGK Slavneft produced 13.8 mln tons of oil according to the business-plan, that is by 2.8% lower the level of the similar period of the previous year. For 9 months of 2010, the gas production volume amounted to 631.7 mln m3 that is by 6.3% lover the level of January-September 2009.
From the beginning of the year, 686.3 ths m of rock were drilled and 142 new wells were put into operation at the Company fields. Drilling progress in production drilling increased by 14.2% vs. the same period of the past year.
The level of the associated natural gas utilization increased by 0.1% vs. January-September 2009 and achieved 70.8%.
For the first three quarters of 2010 the oil processing volume amounted to16.7 mln tons in general for the Company or 90.4% vs. the same period of the past year. At that, ОАО Slavneft-Yaroslavnefteotgsistez (YaNOS) processed 10.5 mln tons (processing increased by 3.5%), ОАО Mozyr refinery – 6.2 mln tons (processing decreased by 25.6%). Reduction of the oil processing volumes at Mozyr refinery is related to decrease in the Russian raw material supply to the Republic of Belarus due to the change in the external foreign economic activity conditions.
For 9 months of 2010, the volume of motor gasoline production decreased by 5.3% vs. the same period of 2009 and amounted to 3.2 mln tons. At that within the said period, YaNOS produced 1.7 mln tons of gasoline (decrease by 3.7%), Mosyr refinery – 1.5 mln tons (decrease by 7.1%). Reduction of the motor gasoline output at YaNOS in January-September 2010 was stipulated by the Subsidiary’s Business Plan and is related to the planned overhaul of some production facilities. It is planned to compensate these losses until the end of the year due to increase in production volumes.

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