Gazprom Neft : expands promising oil-production cluster in the Khanty-Mansi Autonomous Okrug-Yugra

Gazprom Neft expands promising oil-production cluster in the Khanty-Mansi Autonomous Okrug-Yugra

1 December 2020

Efficiency

Gazprom Neft has acquired geological-exploration licenses for three blocks in the Khanty-Mansi Autonomous Okrug. These assets will form part of a major oil-production cluster bringing together the company's assets in the Khanty-Mansi Autonomous Okrug and the Tomsk Oblast, creating resource potential in excess of 840 million tonnes of oil.

[Link]

These new assets - the Snezhny, Ledovy and Kholodny blocks - are located in the Kondinsky district of Yugra, adjacent to fields already under development by Gazprom Neft. The licenses have been issued for a period of five years, and have been drafted under the 'flank' mechanism,* which gives existing subsoil users a priority right to secure prospecting licenses to blocks in the Unallocated Subsoil Reserve Fund within a 20-kilometre zone around fields currently under development.

The Kholodny block covers an area of 370 km² and adjoins the Srednevayskoye field. The Ledovy block, which is a 'flank' field adjoining the Severo-Vayskoye field, is around 500 km², and the Snezhny block, adjoining the Alexander Zhagrin field, around 490 km².

[Link]

No hydrocarbon reserves have yet been attributed to these assets, and no prospecting or drilling has yet been undertaken. Localised 2D-seismic has been completed at the blocks. An integrated zonal development concept for this oil-production cluster in the south-east of the Khanty-Mansi Autonomous Okrug is currently being created in order to clarify resource potential, on which basis an exploration programme will subsequently be produced. Development of the Snezhny, Ledovy and Kholodny blocks will be undertaken by Gazpromneft-Khantos.

'We continue to develop our promising oil-production cluster in south-east Yugra, the nexus of which is the Alexander Zhagrin field. Thanks to cutting-edge approaches and geological prospecting technologies, the lead time from discovery to commercial production at this asset is just two years, in total. Going forward, we will be producing around 6.5 million tonnes of oil per year at this asset alone. An understanding this region's geological features, and proximity to existing infrastructure, will help bring new blocks into production at maximum efficiency. The cluster being developed today will become one of the key sources of the company's oil production in Western Siberia, in the future.'

Vadim YakovlevDeputy CEO for Exploration and Production, Gazprom Neft

'Expanding our license-block portfolio around the Alexander Zhagrin field and continuing geological exploration in the Khanty-Mansi Autonomous Okrug-Yugra is allowing Gazprom Neft to add extremely viable reserves, with the potential to be taken into production fast. Estimated recoverable reserves at this new cluster have increased four-fold in the space of five years.'

Yuri MasalkinDirector for Geological Prospecting and Resource Base Development, Gazprom Neft

Notes for editors

The Kholodny, Snezhny and Ledovy blocks form part of Gazprom Neft's new production centre in Yugra, which also includes the Zapadno-Zimny, Severo-Vaysky, Karabashsky-84 and Srednevaysky blocks (in the Kondinsky district of the Khanty-Mansi Autonomous Okrug-Yugra), as well as the Yuzhno-Zimny block in the Uvatsky district of the Tyumen Oblast. These blocks together cover 5,000 km2 in total, with reserves initially in place (RIIP) of more than 840 million tonnes of oil. Development of these assets will be undertaken by Gazpromneft-Khantos.

The key asset on this project is the Alexander Zhagrin field, with RIIP of 111 million tonnes of oil. One million tonnes of liquid hydrocarbons were produced at this field in its first year in operation. Peak production - of 6.5 million tonnes of oil per year - is expected to be reached by 2024.

Share:

Tags:

• production
• geological prospecting

The material mentioned:

Vadim Yakovlev

Yuri Masalkin