News

Production results of 2012 and plans for 2013.

Business plan fulfillment with respect to oil production by Imperial Energy group in 2012 resulted in 621.1 th. tns of oil produced or 97.7%. Oil production in 2013 as per the approved business plan shall be 512.9 th. tns. The general reduction of the oil production scopes is related to search for optimal and economically feasible technologies of oil recovery from tight reservoirs.

The management team of Imperial Energy plans to find cutting-edge technologies and, together with the technology partners, to launch pilot projects for development of Bazhenov suite, which holds great production potential.

Imperial Energy Group hopes that in 2013 the government will take a decision to release the users from paying MET for production of mineral deposits from tight reservoirs

All these actions will allow us to increment our Group’s oil production volumes in future, - says IE management team with confidence.