Mid-sized crude producer Russneft managed to fully replace its reserves and achieve organic production growth last year, but profits fell sharply. The firm invested half of last year’s $517mn capital expenditure (capex) in production drilling, completing 138 new wells across fields in various regions that yielded 1.17mn t (8.5mn bl) of crude between them. The company produced a total of 13.9mn t (278,000 b/d) of crude last year, up by 1.7pc on 2011 — outperforming many of its bigger rivals in terms of growth.
展开▼
