Fund Energy welcomes the government's decision to continue the dialogue with investors on Bashneft privatization in the nearest future.
After consideration of applications for the mineral rights by Department for Subsurface Resources Management of Central Siberian Federal District in late June, 2016, Fund Energy has become the owner of licenses for three blocks located at the territory of Krasnoyarsk Region.
The production of the first million tons of oil was marked out at the Yarudeyskoye oil, gas and condensate field, the joint project of Fund Energy (49%) and OAO NOVATEK (51%). The planned production capacity of 9,700 tons of crude oil per day (3.5 million tons per annum) was reached at the oilfield in mid-January, 2016.
February 19 a working visit of Fund Energy team to the capital of Kazakhstan, Astana, took place in order to meet the representatives of National Company “KazMunayGas” (KMG) – the largest oil and gas company of Kazakhstan and one of the leading oil and gas companies in the world.
At the Yarudeyskoye oil, gas and condensate field, the joint project of Fund Energy (49%) and OAO NOVATEK (51%), the planned production capacity of 9,700 tons of crude oil per day (3.5 million tons per annum) was reached.
Commercial production of hydrocarbons began at Yarudeyskoye oilfield. Target level of daily production estimated at about 3,5 mln tons per year is planned to be reached within the shortest time.
As a result of a state auctions organized by Department for Subsurface management of Urals Federal District Fund Energy’s structure received licenses
May 26, 2015 the launching commission on the exploratory well №22-Р drilling was held at the Karasevskoye oilfield within Project YAMAL. As a result of the commission which included the representatives of Fund Energy, Hallibuton and NUBK (Novourengoyskaya drilling company) the well drilling was given a start.
Five companies including “Rosneft” and “Gazprom neft” aspire to buy a license for one of the country’s largest remaining oilfields.
February 11, 2015 three court sessions took place in the Eighth commercial Court of appeal in Omsk on reviewing petitions of appeal from Nefte Petroleum Limited on the decisions of the Commercial court of YNAO.