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RITEK (TIN 7736036626, OGRN 1028601440955) — Company card

company RITEK
full company name open joint stock company RITEK
type of legal entity Open joint-stock company
country of risk Russia
country of registration Russia
industry Oil and gas
web http://www.ritek.ru

Company details

  • TIN
    7736036626
  • KPP (for Russia)
    631601001
  • OGRN (for Russia)
    1028601440955
  • OKPO (for Russia)
    35784512
  • OGRN date (for Russia)
    08/08/2002

Profile

RITEK is a comparatively small petroleum company; at present, the company owns 24 deposits and fields under exploration.

According to the report by international audit company Miller&Lents, total reserves volume in 17 deposits of RITEK amounted to 861.7 mln tn, technical reserves – 162.8 mln tn. About two thirds of technical reserves are located in 11 oil fields in Western Siberia, and the remaining third in Tatarstan.

30 innovative technologies providing 30% of oil recovery are the company’s main competitive advantage (hydraulic fracturing, acoustic and implosive stimulation methods, application of fiber-dispersion methods etc). Application of technology allows efficient development of complex deposits that used to be considered noncommercial with the use of standard development methods and old petroleum technologies. Oil cost reduction due to use of innovative methods amounts to 33% (as compared to initial cost), which provides the company with high sales profitability (60% in 2000).
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Debentures

Issue Volume, mln Status
RITEK, 9% 5nov2004, USD 30 USD redeemed
RITEK, 03 700 RUB redeemed
RITEK, 02 300 RUB redeemed
Loans Volume, mln Status
RITEK, 7.2005 60 USD Redeemed
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