The Rosneft-Statoil joint venture started drilling Domanik sediments

AP Photo/Mikhail Metzel

AP Photo/Mikhail Metzel

Domanik Oil AS, the joint venture of Rosneft and Statoil (share of Rosneft in the project is 51%, of Statoil – 49%), started drilling the first well as part of exploration program to study tight hydrocarbon reserves of Domanik sediments in the Samara region.
During the pilot phase planned for 2016-2019, Domanik Oil AS intends to drill and test at least three horizontal exploration wells, as well as to conduct advanced studies at the license areas of Samaraneftegaz, Rosneft subsidiary. The JV plans to use the most efficient development technologies, including multistage hydraulic fracturing.
Domanik sediments in Volga-Ural oil and gas province have large hydrocarbon potential. These are low-permeable cherty limestone sediments; according to the characteristics of their filtration-reservoir properties they are classified as hard-to-recover hydrocarbons.