Rosneft reports successful program of exploration drilling


Rosneft reports successful program of exploration drilling

MOSCOW -- Rosneft has reported a successful exploration drilling campaign up to the end of the first quarter of 2014. During the test for all exploration wells, commercial inflows of hydrocarbons were obtained.

The most important results were achieved during the test in Vankorneft’s exploration wells at Tagulskoe and Gorchinskoe fields, in RN-Uvatneftegaz, Varyeganneftegaz, ROSPAN-International, Orenburgneft, Samarneftegaz.

Results of exploration works show the professional work of the company’s employees and also the effective use of advanced technologies in the exploration and production fields. During the last five years the company has been consistently replacing more than 100% of its production with new reserves.

Rosneft has a leading position according to the amount of recoverable oil and condensate reserves, which were amounted to 11.4 billion tons at the end of 2013, and also according to recoverable gas reserves, which were amounted to 6.5 Tcm. The multiplicity of total oil and condensate reserves (ABC1 + C2) are up to 56 years, and gas reserves are up to 105 years. Reserves replacement and resource base expansion are among Rosneft's strategic goals.

Rosneft implemented a schedule of geological exploration to achieve this task in 2014. It is expected to perform 2D seismic surveys for 32,000 linear km (90% of the work falls on the shelf) and also 3D seismic surveys for 20,000 sq km (51% of the work falls on the shelf). It is expected to drill 115 exploration wells.

In 2014, the company focused the main seismic exploration and geological exploration work investments on the Russian shelf for the leading-up of the prospective structures to the formulation of deep drilling. It is expected to drill two wells: the first one will be in the Kara Sea (East Prinovozemelsky-1 license area) and the second one will be in the Caspian Sea (North Caspian license area).

The main volumes of exploratory well drilling are concentrated in the regions of Western and Eastern Siberia and also in the Ural-Volga region, where the main reserves growth is expected.

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