Burneftegaz Group is reorganized into LLC Sorovskneft

UFA, 4 July 2016. /Bashinform News Agency, Olesya Seregina/. PJSOC Bashneft has completed a reorganization of Burneftegaz Group as consolidation of LLC Burneftegaz, LLC Tortasinskneft, LLC Berezovskneftegaz and LLCOFIS-2010 with LLC Sorovskneft. The reorganization aimed at simplifying its corporate structure and improving its management efficiency, the company reports.

LLC Sorovskneft conducts geological exploration and produces oil in the Tyumen Region (Khanty-Mansi Autonomous District-Yugra). The company develops the Sorovskoye field with total oil reserves of 330.5 million barrels. In 2015 oil production at the Sorovskoye field totaled 1.8 million tons. LLC Sorovskneft holds also the rights to explore and develop the Tortasinskoye field and to explore the Severo-Ityakhskiy 3 and Vostochno-Unlorskiy subsoil areas.