The regular meeting of the Board of directors of PJSC Tatneft under the chairmanship of the President of the Republic of Tatarstan Rustam Minnikhanov took place in the Government house of the Republic of Tatarstan.
During the action information on financial and economic activity of PJSC Tatneft in 9 months of the current year is heard. The volume of oil production was 21.538 million tons that there is 0.6% above than the level of corresponding period of last year (on the Tatneft Group 21.791 million tons of oil are extracted). Also 198 delivery wells are put into operation 328 new extracting. The volume of collecting associated petroleum gas was 682 million cubic meters.
According to Russian accounting standards revenue – gross of PJSC Tatneft from selling of the shipped products in 9 months 2018 was 694.6 billion rubles, revenue - net (without the VAT, export duty and excises) – 586.6 billion rubles, net profit – 162.9 billion rubles.
Information on development of functions in the field of industrial, environmental safety and labor protection (HSE) is heard at the meeting. Despite the leading positions of the Company in this direction, the complex of additional actions is developed. In particular, the project on accounting of HSE factors in target business processes is implemented, the system of training of personnel develops, are planned introduction of a system risk management in the field of HSE, requirements of the ISO standards, processing of internal standard documentation.
The board of directors considered plans of oil production and geological and technical actions for 2019. The main volume of additional production is planned to be provided with development of such directions as drilling, hydraulic fracturing of layer and application of methods of increase in oil recovery. The approved plans for production correspond to "Strategy-2030" and can be corrected in case of the conclusion of the Russian Federation of the new agreement with the countries of OPEC or its members on production level for the purpose of achievement of balance of supply and demand in the world market of oil.
Some other issues of activity of the Company was also considered at the meeting.