Azat Khamaev took part in the regular meeting of the Board of Directors of PJSC TATNEFT
The regular meeting of the Board of Directors of PJSC TATNEFT chaired by the President of the Republic of Tatarstan R.N. Minnikhanov was held in Kazan.
The meeting reviewed the results of the company's budget for the four months of 2019 and approved the budget for June, discussed the results of financial and economic activities for the first quarter of the current year.
For the first three months of this year, 7 million 252 thousand tons of oil was produced at the fields of Tatneft. 130 new production and 88 injection wells were put into operation.
Compared to the same period in 2018, gross revenues from sales of products shipped increased by 44.2 billion rubles and amounted to 240.6 billion rubles. Net revenues (excluding VAT, export duties and excises) from sales of products shipped increased by 39.1 billion rubles and amounted to 205.1 billion rubles. Net profit increased by 13 billion rubles and amounted to 50.3 billion rubles (data under RAS).
The Board of Directors discussed information on the use of enhanced oil recovery methods. It is noted that due to the technologies of the oil and gas facility, more than 20% of the Company's oil production is provided. In accordance with the “Strategy 2030”, which provides for the growth of oil production to 38 million tons per year, the share of oil production due to the use of EOR will be about a third of the total volume. For the formation of the future pool of technologies aimed at improving the development of hard-to-recover reserves, the main promising areas of high-tech developments are identified - in-situ combustion, surfactant-polymer flooding, microbiological methods, binary systems, injection of modified water and others for which research has been initiated. At present, 11 technologies have been accepted for replication, pilot works are carried out on 34 technologies, and ODA is planned to be carried out on 12 technologies.
At the meeting, members of the Board of Directors were provided with information about analysts of the stock market on the investment attractiveness of Tatneft shares in comparison with other leading companies in the industry, and discussed the main issues that are of interest to the company's investors.