Severneftegazprom sets to drilling exploration well to target Low Cretaceous deposits
RELEASE
News from projects and regions
Severneftegazprom started drilling its next exploration well at the Yuzhno-Russkoye oil, gas and condensate field. This is the fourth well within a follow-up field appraisal project. More than 200 meters of core samples will be used for pay formations surveys.
As of today, there are three exploration wells drilled, and two of them are completed. This resulted in discovering three new hydrocarbon deposits and obtaining updates on the geological structure of the Low Cretaceous deposits. An expected increment in C1 recoverable hydrocarbons reserves (based on formation tests outcomes) is more than 5.0 million tons of fuel equivalent.
Reference
Severneftegazprom is one of the major gas producers in Russia. Its shareholders are Gazprom (40.01 per cent), Wintershall Holding (34.99 per cent) and E.ON Exploration and Production (24.99 per cent). The company holds a hydrocarbons exploration and production license for the Yuzhno-Russky subsoil block located in the Krasnoselkupsky area of the Yamal-Nenets Autonomous Area. ABC1+C2 natural gas reserves of this block exceed 1.0 trillion cubic meters.