Irkutsk region crossed the 10 millionth milestone oil

Irkutsk region on the basis of 2012 for the first time will exceed production by 10 million tons of oil. More than 7 million tons will produce "Vernechonskneftegaz" 2.2 million tons — "Irkutsk Oil Company" and 0.8 million tons — "Dulisma."

"Irkutsk Oil Company" is going to increase in 2013, the size of the investment in the development of hydrocarbon deposits by 1.2 times — up to 17 billion rubles. Of the total capital expenditure in 2013 6,000,000,000 rubles will be spent on drilling and workovers, 9 billion rubles — for field development and construction of transportation systems. Capex company in 2012 amounted to about 14 billion rubles, which is 2 times higher than the previous year’s investments.

At the end of 2012 expected production of liquid hydrocarbons (DPS) in the fields of Group Inc to 2.25 million tons, which is 1.8 times more than last year. In November 2012 reached a record daily production of oil — 7.3 thousand tons. In 2013, Congress plans to produce about 3 million tons of oil and condensate. "Without a doubt, the catalyst production growth was the construction of the ESPO. Oil production has become a significant industry for the region — in the budget of the oil companies for the year 2012 will transfer about 10 billion rubles in taxes. Let me remind you that we are the first in the region have started oil production on an industrial scale ", — said chairman of the board of directors INC. Nicholas Bujnov. In 2012, the Irkutsk Oil Company almost 2-fold compared to last year increased the amount of taxes to the budget of the Irkutsk region — up to 3.2 billion rubles. In 2010, Congress launched the Yarakta NGKM installation on injection of natural gas into the reservoir — the first project of industrial applications cycling process in Russia. In July 2012 commenced injection of the APG. In addition to gas injection, Irkutsk Oil Company is considering the use of gas as a raw material for gas and chemical processing industries. By the end of 2014 the Irkutsk Oil Company is planning to organize production on the allocation of liquefied propane-butane (LPG). Commercial product can be sold on the domestic and foreign markets, depending on the situation. Methane is considered a major consumer of "Irkutskenergo", which intends to launch the 2016-2017 year, the Lena CHP gas in Ust-Kut. Ltd. "Irkutsk Oil Company" in the asset has 19 licensed sites in the Irkutsk region and the Republic of Sakha (Yakutia). The basic direction of activity of "INC" is the exploration and production of oil, condensate and natural gas. INK employees and subsidiaries of the company today are about 2.5 million people. All group companies are located INC., registered and taxed in the Irkutsk region. Ltd. "Irkutsk Oil Company" is a 100% subsidiary of JSC "INK-Capital", which, in turn, 8.15% of the shares owned by the European Bank for Reconstruction and Development (EBRD). In cooperation with the Japan National Congress Corporation for Oil, Gas and Metals (JOGMEC) set up and successfully operate two joint ventures — CJSC "INK-Sever" and CJSC "INK-West", in which 51% of the share capital is owned by the INC, 49% — Japan National Oil Corporation, Gas and Metals (JOGMEC).

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