Gazprom Neft, LUKOIL and Tatneft have closed a transaction on establishing a three way partnership for the exploration and manufacturing of hard-to-recover hydrocarbon reserves within the Orenburg Oblast.
The new enterprise’s — New Oil Production Technologies LLC’s — asset portfolio contains the Savitsky and Zhuravlevsky license blocks. Each get together has been allotted an equal one-third curiosity within the three way partnership.
The companions will likely be sharing operational and technological competencies find the best technique of growing conventional oil reserves, in addition to in growing viable applied sciences for the industrial manufacturing of hard-to-recover hydrocarbon reserves at two blocks within the Orenburg area.
Covering an space of 900 sq. kilometres throughout the Buzulksky and Grachevsky districts of the Orenburg Oblast, the Savitsky license block is marked by a excessive stage of geological uncertainty.
Drilling of the primary prospecting and appraisal nicely is at the moment coming to an finish on the Savitsky block. The full geological prospecting programme on the block contains constructing six prospecting and appraisal wells, with horizontal completion. The companions will likely be endeavor a spread of geo-physical investigations, together with core and fluid sampling and evaluation, analysis and growth, and non-seismic subject investigations. Eight-hundred and eighty sq. kilometres of 3D seismic surveying has already been undertaken, along with this.
Covering an space of roughly 120 sq. kilometres, the Zhuravlevsky license block is situated within the Buzulksky district of the Orenburg Oblast, and abuts the Savitsky license block. It accommodates the Zhuravlevskoye subject, found in 1965 however at the moment mothballed. According to knowledge within the State Register of Mineral Reserves, reserves in place stand at roughly 2.5 million tonnes of oil: hard-to-recover hydrocarbon reserves can also be current.
The geological prospecting programme on the Zhuralevsky license block, anticipated to run from 2020 to 2023, contains 118 sq. kilometres of 3D seismic, and drilling of a prospecting nicely in conventional reserves: an extra prospecting and appraisal nicely, with horizontal completion, will likely be drilled in non-traditional reserves. A pilot growth programme for this asset will likely be put in place as soon as exploration actions are full, and as soon as reserves have been confirmed.
Pilot growth of the Savitsky and Zhuravlevsky blocks is predicted to start out in 2024.
(Source and picture: Gazprom Neft – Drilling rig in Orenburg area, Russia)

The put up GAZPROM NEFT LUKOIL AND TATNEFT JOIN FORCES TO DEVELOP HARD-TO-RECOVER OIL RESERVES appeared first on Energy Global News.

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