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    TATN   RU0009033591

PJSC TATNEFT

(TATN)
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Tatneft : TatNIPIneft Reduce the Carbon Footprint

07/12/2021 | 03:52am EDT

The experts of the TATNEFT Company's TatNIPIneft have developed a technology for a well construction with a production string made of fiberglass casing pipes.

The engineering development significantly increases the performance reliability of wells and reduces the carbon footprint in the crude oil production as part of global projects to decarbonize the economy.

The effect of using the fiberglass production strings allows reducing the cost of heavy production strings maintenance associated with corrosion of steel casing pipes. In addition, the costs of ensuring cathodic protection of the production steel are reduced to zero.

The fiberglass casing pipes production with a body dimensions of 113.9x7.3 mm and a sleeve of 140 mm outer diameter has been launched at the Tatneft-Presscomposite enterprise.

The fiberglass casing string pipes have been tested for cumulative perforation resistance.

The experts of TatNIPIneft have developed a reduced density cement slurry with the addition of foam-glass granules to avoid the fiberglass casing floating up effect in a grouting slurry environment.

10 wells have been successfully built using the fiberglass casing string pipes. The plans provide for the successful proven experience to be implementation throughout the TATNEFT Group's enterprises.

Disclaimer

OAO Tatneft published this content on 12 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2021 07:51:02 UTC.


ę Publicnow 2021
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Financials (USD)
Sales 2021 16 126 M - -
Net income 2021 2 706 M - -
Net cash 2021 480 M - -
P/E ratio 2021 5,76x
Yield 2021 9,62%
Capitalization 15 626 M 15 580 M -
EV / Sales 2021 0,94x
EV / Sales 2022 0,89x
Nbr of Employees -
Free-Float 69,2%
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 6,97 $
Average target price 9,08 $
Spread / Average Target 30,2%
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Managers and Directors
Nail Ulfatovich Maganov Chairman-Management Board & Director
Evgeny Aleksandrovich Tikhturov Head-Finance Department
Rustam Nurgalievich Minnikhanov Chairman
Rene Frederic Steiner Independent Director
Gerech Laszlo Independent Director
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