LLC Panyelskaya Oil and Gas Company carries out a significant volume of exploration work, extends the portfolio of licenses showing stable replenishment of oil and gas reserves. The Company’s fields and license blocks are located in various oil and gas provinces of Republic of Komi and even further to some province of Western Siberia, Eastern Siberia. When conducting exploration, the Company pays considerable attention to the use of new technologies and equipment, and support of operations by research and development institutes as well as design institutes which makes it possible to increase its efficiency.

Petroleum products processed at our facilities include: conventional gasoline and conventional diesel fuels, jet fuel, heavy fuel oil, liquefied petroleum gas, fuel gases, asphalt, propane, propylene, petroleum coke and calcined coke.

Oil Fields development & Oil and Gas Production

«LLC Panyelskaya Oil and Gas Company» operates various oil fields in regions under Republic of Komi and Western Siberia, some of which the company operates under contractual basis and most are wholly owned by the company. The company's operated oil fields in Western Siberia and Eastern Siberia are mostly on partnership with local oil block holders.

In the upstream sector, the Company is committed to ensuring production volumes which allows it to maintain a balance between economic efficiency and rational use of mineral resources. LLC Panyelskaya Oil and Gas Company maintains the production levels at mature fields and actively develops hard-to-recover reserves. At the same time, the Company actively develops promising fields creating new centers of oil production.

Over the past years, the Company has been maintaining a stable level of oil production focusing on the improvement of oil recovery factor which is one of the highest in the country.
The Company consistently ensures an increase in the level of production, In the past year alone, 165 new production wells were put into operation at the fields of LLC Panyelskaya Oil and Gas Company. The average flow rate of new wells was 16.4 tons of oil per day about 96 wells were developed for water injection.