Operating company:
MOL-Russ LLC / BaiTex LLC
Headquarters: Moscow
Number of employees: ~ 150
2P Reserves (2022 YE):
28.9 MMboe
Production (2022):
4 mboepd

MOL Group acquired BaiTex in 2007 and entered into a strategic partnership with TPAO by divesting 49% of shares in BaiTex in 2014, while remaining the Operator. Baitugan is a mature oil field in production since 1947, with developed infrastructure, which supports low operating and development costs. The main target of the current work program is to keep stable production with drilling of horizontal wells, advanced well workovers, reservoir pressure support and infrastructure improvement projects.


In 2022 documentation required in previously issued exploration licence for the Devonian project was prepared, and formal approval was granted by State Authority.


In 2022, the field development of the operated Baitugan field continued. The re-assessment program carried on in 2022 with 3 horizontal wells drilled and completed, 5 advanced well workovers and the conversion of 10 wells into injector wells performed. Within scope of the Water Quality Improvement project, the installation of a water filtering unit was completed. Production optimization efforts resulted in a total of 54 well interventions executed as part of the well workover program.


The main objectives for the upcoming years:

  1. Deliver updated strategy

  • Further development and implementation of strategic cost management programs

  • Investigate solutions for technically constrained initiatives: infill drilling, power generation

  • Carry on with waterflood management program and advanced WWO technologies

  1. Effective liquidity management – ensure uninterrupted business continuity

  • Flexible and every day cashflow planning

  • Smart Capex program phasing through the year 

  • Back up solutions in case of liquidity crisis

  1. Keep high employee engagement

  • Carry on with strategic sessions including best idea contest to involve all layers of the organization

  • Implement focused people support measures

  • Deliver training programs

For details of other E&P operations, please click on the highlighted countries below:

*Gross production number