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NaftaGaz investment program in 2020 exceeded 650 million roubles

NaftaGaz investment program in 2020 exceeded 650 million roubles
Total investments by NaftaGaz amount to over 5.6 billion roubles in the last 5 years, including 650 million roubles in 2020. The Company upgraded machines, increased capacities, purchased advanced foreign equipment for drilling in very complicated conditions and in unique oil and gas projects. Investments are also provided for logistics yards, new equipment was purchased for the drill pipe repair shop.

Naftagaz-Service equipment is also upgraded: the average age of vehicles and special machinery is less than 3 years. Several modern camps were purchased to create comfortable living conditions for personnel in Eastern Siberia sites.

NaftaGaz is one of the top five independent drilling enterprises of Russia. It runs business at the sites of PJSC Gazprom neft, PJSC Gazprom, PJSC Rosneft, etc. Zapolyarye, Khantos, Varyogan, Vostok and Yamal projects are now in progress. The Company shows steady growth of production and financial performance year after year. The number of employees is approximately 1,700 people. The Company’s principal production site is based in Noyabrsk (YaNAA).

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