Schlumberger helps Yukos boost oil output

02/07/2000
Yukos and Schlumberger announced the results of the first year of a technical alliance under which Yukos is outsourcing a significant part of its oil field operations in western Siberia's Prirazlomnoye and Priobskoye oil fields.Yukos said it "maintained production at 1998 levels despite minimal drilling activity...thanks to production optimization of existing wells through implementation of a multifaceted production enhancement program that contributed about 50,000 b/d by the end of the year."Prirazlomnoye has proved reserves of 2 billion bbl, making it the 14th largest oil field in Russia and the 3rd largest among fields being developed by Yukos. As of Jan. 1, 2000, cumulative produc...
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