State Commission on Reserves Confirmed the Discovery of the Pobeda Field

abarrelfullabarrelfull wrote on 08 Dec 2014 12:39
Tags: c-asia rosneft russia upstream

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State commission on reserves confirmed the fact of discovery of the new arctic oil and gas field Pobeda on the Kara sea shelf. The field was discovered as the result of the drilling of the northernmost well in the world – the Universitetskaya-1 well.

The expert commission accepted the fact of discovery of the Pobeda field and advised FSI RPE Rosgeolfond to register the oil and gas field Pobeda on government accounting with recoverable reserves of 130 mln tons of oil and 499 bcm of gas.

The gas reserves were discovered in the chalk deposits of Cenomanian Age and Apt-Alb Age, the oil reserves were discovered in the Jurassic sediments.

Notes for editors

In September Rosneft successfully finished construction the world’s northernmost arctic well, Universitetsakya-1. According to its results the Company confirmed hydrocarbon potential of the East-Prinovozemelskiy-1 license area in the Kara Sea. The drilling was completed in record-breaking short time - in one and a half month - in compliance with all the technological and ecological standards and requirements.

The sea depth at the drilling site is 81 m, the depth of the straight well – 2,113 m. The well was drilled in open-water conditions – at the 74th circle of longitude, 250 km clear off the inland of the Russian Federation.

According to experts the volume of the Kara Sea oil province resources exceeds the oil and gas resources of the Gulf of Mexico, the Brazilian shelf, the shelf of Alaska and Canada, and it is comparable to the whole resource portfolio of Saudi Arabia.

In October research workers of the corporate TomskNIPIneft institute finalized the studies on the physical and chemical properties and composition of oil produced from the Universitetskaya-1 well.

This ultralight oil surpasses the benchmark Brent oil as well as Siberian Light oil and WTI on the key indicators (density and sulphur content). It is comparable to the oil from White Tiger oilfield of the Vietnamese Shelf. Sulphur content by weight in the oil of Pobeda is below 0.02%, while the same level in Brent is 0.2-1% and 1.2-1.3% in Urals.

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