Gazprom Neft Press Office:
Moscow, 10 January 2002; Sibneft achieved the fastest rate of organic production growth of any major Russian oil company in 2001, according to industry data released by the Energy Ministry.
Sibneft's output rose by 20.2% to 408,000 barrels per day (20.671 million tonnes) from 338,000 barrels per day (17.199 million tonnes) the previous year. Sibneft last year began production for the first time at fields outside its core region of Noyabrsk. The production data includes output from Sibneft-Yugra and the company's Krapivinskoye field in the Omsk region.
Sibneft this year aims to grow production at an even faster rate, with output targeted to rise by 26.3% to 516,000 barrels per day (26.1 million tonnes). The output hikes are being driven by a two pronged strategy of intensive investment in developing new fields and in raising productivity at existing fields.
Other operational highlights include: (data for 2001 with comparative data for 2000)