Rosneft subsidiary started drilling in 6 license blocks

AP Photo/Mikhail Metzel

AP Photo/Mikhail Metzel

Samaraneftegaz, a Rosneft subsidiary focussed in Samara and Orenburg Oblasts licenses, started 3D seismic exploration works in 6 blocks acquired in 2016, among the 14 new licensed blocks acquired since 2014. Drilling sites for prospecting and exploratory wells will be defined based on the results of these works.
The reserves of АВ1С1+В2С2 recoverable oil in the blocks account for 8.1 million metric tons, whereas the recoverable resources make up 27mmt.
The blocks were acquired in order to expand the resource base and replace the reserves of recoverable carbohydrates so that the stable medium-term and long-term production is reached.
The company declared that the implementation of the prospecting and exploratory drilling programme ensures a reserve increment of over 10mmt of oil annually. The footage of prospecting and exploratory drilling last year amounted to 16,000m of earth material.