March 5, 2026, Moscow – "Oil Resource", a member of Kirillitsa Group of Companies, held an online meeting with investors at the Moscow Stock Exchange. The webinar was attended by Igor Korenev, the company's Chief Financial Officer, and Konstantin Prochukhan, Deputy General Director for Technological Development. The executives spoke about the company's current financial results, infrastructure development, and prospects for the introduction of new oil production technologies.
As Igor Korenev noted, by the end of 2026, the company expects to generate revenue in excess of 60 billion rubles, and EBITDA will exceed 6 billion rubles. The final financial guidance will be disclosed after the publication of the IFRS financial statements for 2025.
In recent years, the company's business has significantly scaled up: the trading area has been strengthened, two oil loading terminals in the Orenburg Region and Khanty-Mansiysk Autonomous Okrug with a total capacity of up to 1 million tons of transshipment per year have been acquired, its own fleet of about 50 gasoline tank trucks and oil trucks has been formed, and a scientific and technical center has been established. In addition, a deal on the acquisition of a cluster of oil fields is in a high stage of development, the company plans to provide additional information on the parameters after the completion of the deal.
The company's debt burden remains at a comfortable level: the Debt/EBITDA index has not exceeded 2.5 for a long time. At the same time, "Oil Resource" continues to consistently fulfill its obligations to investors – over the past three years, more than 2 billion rubles of coupon income have been paid.
During the meeting, the prospects for the development of the Kirillitsa Group of Companies' multifluid thermal technology (MTT) aimed at increasing oil recovery of oil-bearing formations, were also discussed.
According to Konstantin Prochukhan, today traditional production methods allow extracting about 25-30% of oil reserves from the fields on average. The use of new technological solutions has the potential to increase the cost-effective recovery rate by up to 60% and increase the efficiency of developing both traditional and hard-to-recover reserves.
The MTT technology involves pumping water into the oil-bearing formation with a temperature above the transition of water to the supercritical phase state, to be more precise, in the range of 400-500 ° C (depending on the type of reserves) with the addition of catalysts. As a result, pyrolysis processes are triggered, the oil-bearing formation pressure increases, and conditions are created for more efficient oil displacement and increased well flow rate.
The results of laboratory studies and hydrodynamic modeling confirm the operability of the technology. The rights to inventions related to the MTT were included in the authorized capital of "Oil Resource", and their independent evaluation was carried out by discounting cash flows considering the prospects for industrial application of the technology.
In the long term, the company is considering the introduction of the MTT in the format of oilfield service contracts with large oil and gas companies. Negotiations are currently underway with a number of potential customers, and the company expects to receive the first results of the industrial application of the technology in the coming years.
