Sogaz Oils

Company Description

BUSINESS PROFILE AND PROPOSAL Sogaz Oils Sogaz prom Russia, been bought and managed by private entities to satisfy the demand of huge quantity supplies and exportation to our numerous buyers worldwide. Our main target is to reach the capable buyers all over planet irrespective of nation or continent. Gas has become the main source of heat and light for many countries in the world. The Russian gas industry has a significant effect on the maintenance of the energy balance in Europe. Joint Stock Company Sogaz- prom and its refinery face fundamental challenges and far-reaching prospects. JSC Sogaz prom is the gas production leader within oil production structure. The Company keeps stable gas production rates. In 2002 it produced 194 BCM, the production increment amounted to 21 BCM, in 2003 -27, and in 2004- around 20 BCM of gas. In 2005 the company recovered more than 238 BCM of gas. JSC Sogaz prom extracts from the bowels approximately every second cubic meter of gas within JSC Gazprom structure (around 50%) and every third one in Russia (around 38%). This gas is shipped then to the Unified Gas Transportation System of the country. The Company has the largest current reserves of natural gas. JSC Sogaz prom possesses 60% of explored gas reserves in Russia, and 52% of reservoirs under development in the Northern part of the Tyumen Region. Total initial reserves of hydrocarbon raw material made more than 10 trln. cubic meters of gas, 240 billion tons of gas condensate and 370 billion tons of oil. Capital investments of JSC Sogaz prom Ltd grow every year. In 2006 they are expected to make a record amount �¯�¿�½around 80 billion rubles. JSC Sogaz prom owns independent licenses for the development of three largest fields: At present JSC Sogaz prom consists of ten departments ensuring hydrocarbon production. They are gas production and oil and gas production departments. Gas treatment