NIS ( Oil Industry of Serbia) and OAO Serbiyagaz signed a package of agreements, under which the INS will take part in the construction of underground gas storage facilities Banatsky Yard (Serbia).

In the framework of treaties INS will implement the drilling and preparation for the operation of eight new wells and renovation of two existing wells in the field required for injection of gas into underground storage. Installed wells are intended not only for injection of gas in storage, but also may provide its own prey Serbiyagaz on the field.

Enter wells into operation will create the necessary conditions for the work of underground gas storage facilities in the design capacity, thus providing the necessary amount of gas for the next heating season.

At present, the company has already prepared all the NIS project design documentation and proceeded to procure the necessary equipment. Completion of work is planned for early December 2009. The total amount of contracts is more than 1 billion dinars. Portfolio will perform nefteservisny block executive directorate INS-Naftagas.

Given that the construction of gas Banatski Dvor is a strategic element of power system of Serbia, we appreciate the trust placed in us by our colleagues. I am confident that the service team Naftagas can make significant professional contributions in promoting energy stability of Serbia , - stressed the Director General of NII Kirill Kravchenko.

Gazprom oil has a 51% stake in the company.

The construction of underground gas storage facilities Banatski Dvor is another step in the process of exploitation of the depleted gas field, which amounts to 3.3 billion cubic meters of natural gas. Area gas around 54 km. Apt. In accordance with the project design to completion, the volume of gas will be 800 million cubic meters of gas, the estimated time of construction - 10 years.

The construction of underground storage of gas Banatsky court began in 2005. There is already completed construction of the line for gas injection, consisting of 7 wells, 6 km pipeline processing apparatus for the preparation of the gas capacity of 3.5 million cubic meters of gas per day, compressor station with a capacity of 2.5 Compressor ÐœW allowing pump 1 , 2 million cubic meters of gas per day, and several other facilities necessary for the functioning and safe operation of the facility.
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