History

Limited Liability Company “Management Company Kalmmneft”was founded in December 2007. In April 2011 it was renamed Limited Liability Company “Oil Company EuroSibOil”. We are working on bringing the oil industry of the Republic of Kalmykia on a high European level. We have already prepared and presented project documents for the development of 15 oil fields. We built geological models; calculated oil and gas resources and put them on the state balance; made the projects of mining allotments of all the fields. We also monitor the environment.

Today “Management Company Kalmmneft” has 15 oil fields situated in the Chernozemelny Region of the Republic of Kalmykia. It is a license holder for the operation of the explosion-hazard production facilities. The company possesses 160 oil wells and has nearly 1000 employees. There are three places for preliminary preparation of oil. The amount of recoverable oil is 12 thousand tons per day. In the nearest future we plan to raise the production up to 29 thousand tons per day.