Samaraneftegaz

Samaraneftegaz is the largest oil and gas producer in Russia’s Samara Region and the second largest production unit of Rosneft after Yuganskneftegaz. It was established in May 1994 by transforming the Kuibyshevneft industrial association into a joint-stock company. Rosneft acquired Samaraneftegaz at an auction held in May 2007.

The company’s fields have access to Transneft’s trunk pipelines running through the Samara region. Crude oil is supplied for processing to Rosneft’s Kuibyshev, Novokuibyshevsk and Syzran refineries. Proximity of fields to Russia’s biggest oil refining center ensures the high economic efficiency of crude oil production.

In June 2007, Samaraneftegaz won the Regional Mineral Resource Agency’s auction of development licenses to the Sovetsky (Kinelsky region) and Biryukovsky (Bogatovsky region) oil blocks, which both have access to the company’s production infrastructure. The company paid RUB 932 mln (USD 36 mln) for the licenses.

In March-May 2008, Samaraneftegaz obtained two licences for exploration and production of hydrocarbons subsequent to discovery of the Kiselevskoye and South-Butlerovskoye fields in Samara Region. The licenses are valid for 20 years.

Samaraneftegaz produced 70.3 mln barrels (9.61 mln tonnes) of oil and gas condensate and 0.33 bln cubic meters of gas during 2009.

In 2010 Company fields in Samara Region produced 75.8 mln barrels of oil and 0.5 bln cubic meters of gas (not including amounts flared off). Despite high levels of depletion at developed fields the region still has significant potential for expansion of the resource base and of production. A total of 17 new licenses for geological study, exploration and production of hydrocarbons in Samara Region were obtained in 2010. OJSC Samaraneftegaz has shown yearly increases of production since it became part of Rosneft. Growth of production in the reporting year was 2.7%. The geographical proximity of Samaraneftegaz fields to Russia’s biggest oil refining center ensures the high economic efficiency of operations.

Major fields: West-Kommunarnoye, Belozersko-Chubovskoye, Ozerkinskoye, and South-Neprikovskoye.

Samaraneftegaz reserves (PRMS, DeGolyer & MacNaughton, as of December 31, 2010)

Samaraneftegaz hydrocarbon production (100%)

Samaraneftegaz operating highlights

Contact Information

Full name: OJSC Samaraneftegaz

General Director: Vladimir Nozhin

Address: 50 Volzhsky Avenue, Oktyabrsky region, Samara 443071, Russia

Tel: +7 (846) 333-02-32
Fax: +7 (846) 333-45-08

E-mail: sng@samng.ru