Aminex, the oil and gas industry service company, has announced that its subsidiary, AmKomi, has reached agreement on technical co-operation with OAO Tebukneft, a Russian oil company, for operations on the Kirtayel Field. The agreement provides for AmKomi, using an Aminex-owned service rig, to re-enter an existing Tebukneft well which needs repairs with a view to bringing it back into production as soon as possible.

In 1998, Tebukneft brought a legal action in the Russian courts claiming the rights to a licence held by AmKomi to part of the Kirtayel Field. The field is divided into two licences, one held by Tebukneft and one by AmKomi. A Russian federal supreme court found in favour of AmKomi's licence and dismissed Tebukneft's claim.

Mr Brian Hall, Aminex's chief executive officer, said once the well repair is complete, AmKomi "will be able to accelerate oil production from Kirtayel, where we are currently preparing to start drilling our first new development well".