February 1 in Kazan, the regular meeting of the Board of Directors of OAO “Tatneft”, chaired by the Prime Minister of Tatarstan Rustam Minnikhanov. Board of Directors discussed the preparation of the annual general meeting of shareholders on the results of 2009. The meeting will be held June 25, 2010 in Almetyevsk (Republic of Tatarstan), the Palace of Culture “Neftche” At 10:00 Moscow time, said the report “Tatneft”.

In addition, the Board of Directors, summarized the budget of OAO Tatneft in 2009 and approved the budget for February 2010.

In 2009 the company extracted from deposits 25.85 million tons (100.33% by 2008). Permission for use granted 280 new production wells, drilled 38 horizontal holes and 9 multihole wells. Average production per well, imposed from drilling amounted to 9.5 tonnes. Through the application of methods of enhanced oil recovery extracted about 45% of the total volume of oil. Successfully pursued pilot projects (ODA) for the extraction of viscous oils (IOS). In 2009, the Ashalchinskom field produced more than 18.4 tons (from the beginning of ODA - more than 38,1 thousand tons), the Mordovo-Kamalskom - 5 tons of IOS.

OAO “Tatneft” within its licensed territories is developing 82 oil fields. In 2009 achieved growth of oil reserves: the republic of Tatarstan in the amount of 44.5 million tons, including 40.9 million tons due to conduct exploration work on the C1 C2 Holding on “Tatneft” (including Syria, Kalmykia, Samara and Orenburg region) - 63 million tons of C1 C2 and 4 billion cubic meters. meters of gas. Put into trial operation of three oil fields: Shadkinskoe, West Repin, North Bohemia. All the planned geological and technical measures for 2009 are satisfied.

At the meeting of the Board of Directors also considered the outcome of the management of internal audit of OAO Tatneft in 2009 and approved a work plan for 2010.
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