3D seismic surveys fully completed at Vaneyvisskoye and Layavozhskoye fields
RELEASE
Release
A working meeting between Alexey Miller Chairman of the Gazprom Management Committee, and Vagit Alekperov, President of LUKOIL, took place today at the St. Petersburg International Economic Forum 2021.
Particular attention was paid to the progress of the project for the development of the Vaneyvisskoye and Layavozhskoye fields in the Nenets Autonomous Area.
It was noted that, taking into account the works carried out in the 2020–2021 autumn/winter period, the 3D seismic surveys at these fields are now fully completed. The data are currently being processed and interpreted. The results will form the basis for designing the fields' development and pre-development.
The project will be implemented by Layavozhneftegaz (LVNG), a joint project company.
Background
The St. Petersburg International Economic Forum 2021 is being held at the EXPOFORUM Convention and Exhibition Centre from June 2 to 5. This year's main theme is “A Collective Reckoning of the New Global Economic Reality.”
Gazprom and LUKOIL are bound by the 2014–2024 General Agreement on Strategic Partnership, pursuant to which, among other things, LUKOIL supplies gas into Gazprom's gas transmission system.
The Vaneyvisskoye and Layavozhskoye fields are located in the Nenets Autonomous Area to the east of Naryan-Mar. The two fields have the aggregate recoverable reserves of 27.4 million tons of liquid hydrocarbons and 225.3 billion cubic meters of natural gas. The subsurface use license for the area that includes these fields is held by Gazprom.
In 2020, Gazprom and LUKOIL signed the Master Agreement on the terms of the development of the Vaneyvisskoye and Layavozhskoye fields.
LVNG is a joint venture of Gazprom Dobycha Krasnodar and LUKOIL-Komi.