Udmurtneft

Udmurtneft is the largest oil-producing enterprise in the Udmurt Republic. In August 2006, the Chinese Sinopec acquired a 96.86% stake in the company from TNK-BP through a specially created company, Promleasing. Additional shares in Udmurtneft were purchased by Promleasing from minority shareholders, increasing its stake to 97.08%. On December 11, 2006, Rosneft exercised an option to purchase 51% of Promleasing. Rosneft indirectly holds 49.51% in Udmurtneft.

Udmurtneft holds 60 hydrocarbon exploration and production licenses. To maintain consistent output, the company makes extensive use of the most up-to-date field development technologies, including advanced recovery methods, horizontal well drilling, etc.

Udmurtneft’s fields have access to all necessary transport infrastructure. Outputs are exported and delivered to Rosneft’s Samara refineries via the trunk pipeline system owned by Transneft.

Output at the fields of Udmurtneft was kept constant in 2010 at the level in 2009 (46.8 mln barrels) thanks to application of the latest EOR methods.

Udmurtneft reserves (100%, PRMS, DeGolyer & MacNaughton, as of December 31, 2010)

Udmurtneft hydrocarbon production (100%)

Rosneft’s share in Udmurtneft hydrocarbon production

Contact Information

Full name: OJSC Udmurtneft

General Director: Sergey Anzhigur

Address: 182 Krasnoarmeiskaya st., Udmurt Republic, Izhevsk 426057, Russia

Tel: +7 (3412)48-74-29
Fax +7 (3412) 48-71-25

E-mail: post@udmurtneft.ru