FracJet-Volga

What FracJet-Volga does

FracJet-Volga LLC (OOO «ФракДжет-Волга») is a Russian multi-disciplinary oil and gas servicing group headquartered in Engels, Saratov Region, founded in 2009 with 2 workover rigs and grown into one of the country's largest independent oilfield service contractors. The company delivers coiled tubing operations, hydraulic fracturing, well workover and drilling, well stimulation and testing, nitrogen services, and customized downhole equipment — operating 4 fracturing fleets and approximately 22 coiled tubing fleets across 21 branches with a headcount of 3,500-3,800+, and holding top-3 coiled tubing ranking in the CIS per TEK-Rating in 2014, 2018, 2020, and 2022.

The company's technical differentiation rests on an in-house Research and Engineering Center (established 2012) that designs and manufactures proprietary downhole tools — including a Downhole Push Actuator, Downhole Tractor, Velocity String Technology, CT Jet Pump, and specialized shifting tools — combined with an in-house chemical laboratory for acidizing agents and kill fluids. FracJet-Volga was the first in Russia to implement coiled tubing drilling with 73mm OD coiled tubing on fully domestically-produced equipment in 2022, and its acid jet drilling technology has been applied to 70+ wells since 2011. The company holds exclusive certification from Gazprom Gazobezopasnost for casing re-threading operations and operates Russia's only coiled tubing unit simulator at its Training Center.

The business model is B2B contract-based oilfield services delivered directly to major Russian vertically integrated oil companies (VIOCs) — PAO Gazprom, PAO NK Rosneft, PAO Lukoil, and NOVATEK subsidiaries — at their field sites under enterprise sales engagements and tenders. Revenue is project-based, quote-not-publicly-disclosed professional services revenue. The customer base is concentrated on the Russian upstream market across geographic regions including Western Siberia, Orenburg, Astrakhan, Krasnoyarsk Krai, Khanty-Mansi, Yamalo-Nenets, Yakutia, Irkutsk, and the Komi Republic, with no international expansion. Strategic partnerships include collaborative technology development with Gazprom Dobycha Orenburg on CT jet pump modernization and specialized equipment manufacturing for high-H2S conditions at the Gazprom Dobycha Astrakhan-operated Astrakhan Gas Condensate Field.

Name

FracJet-Volga

Legal name

OOO «ФракДжет-Волга» (Limited Liability Company FracJet-Volga)

Website

https://fj-volga.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

FracJet-Volga is a Russian multi-disciplinary oil and gas servicing group providing coiled tubing, hydraulic fracturing, well workover, drilling, and well stimulation services — including proprietary downhole tool manufacturing — to major Russian vertically integrated oil and gas companies across 21 branches nationwide.

Ownership category

akta.pro rank

Product category

Oilfield Services

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132)

SIC

Oil & Gas Field Services, Nec (1389), Drilling Oil & Gas Wells (1381), Oil & Gas Field Machinery & Equipment (3533)

akta.pro industry

PRIMARYEUALABAH

Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Oilfield Services & Drilling (OFS)

SECONDARYEUALABAA

Drilling & Workover Rigs (Land & Offshore)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Oilfield Services & Drilling (OFS)

SECONDARYEUALABAD

Completion Tools & Subsurface Equipment (Packers, Liners, Valves, Sand Control)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Oilfield Services & Drilling (OFS)

Keywords

• Oilfield services
• Coiled tubing operations
• Hydraulic fracturing services
• Well workover operations
• Well drilling services

Headquarters

HQ city

Engels

HQ country

Russia

HQ region

Europe

Offices20 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Oilfield Services: FracJet-Volga generates revenue by providing high-tech oilfield services including coiled tubing operations, hydraulic fracturing, well workover and servicing, oil and gas well drilling, and well stimulation and testing to major Russian vertically integrated oil companies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

FracJet-Volga is a Russian multi-disciplinary oil and gas servicing group that provides well construction, workover, hydraulic fracturing, coiled tubing, drilling, well stimulation and testing, and nitrogen services to major Russian vertically integrated oil companies. The company manufactures the majority of its own well intervention equipment through an in-house Research and Engineering Center and deploys 22 coiled tubing fleets, 4 hydraulic fracturing fleets (including a skid-mounted unit for helicopter mobilization), drilling rigs, and a liquid nitrogen plant to project sites across Russia.

Product overview

FracJet-Volga is a Russian multi-disciplinary oil and gas servicing group offering integrated services across seven core areas: Coiled Tubing Technologies, Well Servicing and Workover, Hydraulic Fracturing, Oil and Gas Well Drilling, Well Stimulation and Testing, a Research and Engineering Center, and Support Services. The company operates with a vertically integrated approach, combining proprietary equipment manufacturing (downhole tools, wellhead equipment), specialized fleets (22 CT fleets, 4 frac fleets, drilling rigs), and in-house R&D capabilities to deliver comprehensive well intervention solutions from construction through stimulation and testing.

Differentiator

Problem solved

Functional benefit

Products and services

• Coiled Tubing Technologies Comprehensive coiled tubing operations including acid jet drilling, coiled tubing drilling (CTD), multilateral drilling, fishing, perforation, logging, stimulation with jet pumps, underbalanced drilling, and nitrogen foam treatments; corrosion resistance classes K1, K2, K3 available. Targeted at Russian oil and gas operators needing well intervention and stimulation in conventional and H2S-rich environments.
• Well Servicing and Workover Current and capital repair of wells, including enhanced oil recovery, squeeze cementing, well conditioning, suspension and re-entry, abandonment, production string leak repair, artificial lift, well reconstruction, and EPC workover at Gazprom underground gas storage facilities. Served the company is the only independent contractor certified by Gazprom Gazobezopasnost for casing re-threading.
• Hydraulic Fracturing Full-service hydraulic fracturing operated with 4 fleets (total pump capacity 38,250 hp, max pressure 15,000 psi) including a skid-mounted fleet for helicopter mobilization to remote fields and offshore platforms. Capabilities include acid fracturing, proppant fracturing, CT fracturing, multistage fracturing in horizontal wells, and nitrogen foam fracturing.
• Oil and Gas Well Drilling Vertical, directional, and horizontal well construction up to 4,000m depth, including new well construction and sidetracking reconstruction across 13,100 ft MD; operated with 2 sidetracking crews and 1 production drilling crew.
• Well Stimulation and Testing Well stimulation, testing, and fluid degassing with injection into reservoir, supported by H2S-resistant centrifugal pumps (up to 350 m3/day) and 4 separation units (up to 600 m3/day liquids and 1,000,000 m3/day gas).
• Research and Engineering Center In-house design, development, and manufacture of downhole tools, wellhead equipment, and customized equipment, including process control systems, simulation, and a chemical laboratory for acidizing agents and well killing fluids. Functions as the engineering engine behind FracJet-Volga's proprietary technology portfolio.
• Support Services Additional wellsite services including bottomhole treatments, acid fracturing, squeeze cementing, killing fluid production (weighted up to 1,800 kg/m3), and liquid nitrogen production (capacity 1,000/950 kg/h) from the air separation unit in Krasnoyarsk Krai.

Quantifiable outcome

• Over 70 wells drilled using acid jet drilling technology since 2011
• +4 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• PAO GazpromcoreStrategic or Co-development PartnerFracJet-Volga implements large-scale projects for Gazprom including workover and drilling at underground gas storage facilities, coiled tubing operations, and projects on the Power of Siberia / Chayanda gas pipeline resource base. The company was the EPC contractor for Gazprom gas storage well reconstruction projects.
• PAO NK RosneftcoreStrategic or Co-development PartnerFracJet-Volga provides coiled tubing, fracturing, and well workover services for Rosneft subsidiaries including Gazpromneft-Orenburg, Gazpromneft-Khantos, and others across Western Siberia and other regions.
• PAO LukoilcoreStrategic or Co-development PartnerFracJet-Volga provides oilfield services for Lukoil operations, contributing to the company's projects in Russia's oil and gas sector.
• PAO NOVATEK (subsidiaries)coreStrategic or Co-development PartnerFracJet-Volga opened a subdivision in Novy Urengoy in 2018 specifically to render coiled tubing services for NOVATEK subsidiaries. Air separation unit commissioned at Vankor Oil and Gas Field in 2019 for nitrogen supply.
• Gazprom Dobycha OrenburgcoreStrategic or Co-development PartnerFracJet-Volga conducts joint field trials of CT jet pumps and acid jet drilling technology at the Orenburg Oil and Gas Condensate Field. In 2023, the CT jet pump was modernized with joint collaboration to reduce the impact of gas factor.
• Gazprom Dobycha AstrakhancoreStrategic or Co-development PartnerFracJet-Volga's first coiled tubing project in 2010-2011 involved re-entry of two drilled wells at Astrakhan Gas Condensate Field. The company manufactured specialized H2S-resistant coiled tubing for operations in the harsh field conditions (up to 36% H2S, 18% CO2).
• Educational institutions (multiple)minorOthersFracJet-Volga partners with vocational colleges and universities for student internships and professional education. Partner institutions include: Бузулукский колледж промышленности и транспорта, Жирновский нефтяной колледж, Ишимбайский нефтяной колледж, Нефтегазоразведочный техникум г. Оренбург, Энгельсский колледж промышленных технологий, Оренбургский государственный университет, РГУ нефти и газа, and СГУ имени Н.Г. Чернышевского.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Market position

Strengths4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fracjet-volga-llc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FracJet-Volga