ТNК-ВР Strikes Oil In Malouimskoye Discovery In Uvat

abarrelfullabarrelfull wrote on 20 Nov 2012 18:59
Tags: c-asia russia upstream ТnК-ВР

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ТNК-ВР has discovered a new Malouimskoye oil field with about 5 million tons of recoverable oil.

ТNК-ВР has been implementing an organic production growth program to deliver annual 1-2% of incremental oil production, backed with hefty investments in development drilling, innovative enhanced oil recovery technology, and exploration. The program for developing Uvat, a major Greenfield project operated by TNK-BP, aims to step up production by 18.6% in 2012 (against 2011) to as much as 7 million tons a year.

The hydrocarbon reserves were booked on the Russian Balance of Mineral Resources on November 15, 2012. Under the planned program, the asset will be further appraised for detailed subsurface evaluation in order to maximize the effectiveness of subsequent field development. In 2013-2014, Malouimskoye will be covered with a 3D seismic survey.

“Based on the acquired well data, the potential recoverable volumes under C1+C2 categories are estimated at about 5 million tons. Given that the Malouimskoye field is relatively close to the pipeline between East and West Uvat Hubs, we can fairly expect that, following the appraisal program, it would begin adding value as one of Uvat development projects”, says Yury Masalkin, General Director, TNK-Uvat.

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