PetroNeft increases drilling, completion activity in Western Siberia

PetroNeft Resources PLC will expand a stimulation program at Tungolsky license 61 and start a drilling program at Ledovy license 67 in the Tomsk Region of Western Siberia.

PetroNeft expanded a 5-well reservoir stimulation program in license 61 to seven wells for first-quarter 2022. NewTech Well Services LLC will perform the stimulations based on the original five-well contract signed on Nov. 12, 2021.

Successful reservoir stimulation of L-115 well (Lineynoye field) and S-373 well (Sibkrayevskoye field) last year provided technical information for program expansion. Six wells will be in Lineynoye field, and one will be in Arbuzovskoye field. Overall production is expected to increase 350-650 b/d from the seven-well program.

PetroNeft has let a contract to Siberian Oil Service Comp. (SSK) for drilling of up to five wells at Cheremshanskoye field in license 67. The wells will be a combination of vertical and horizontal development wells from the northern pad, adjacent to the producing C-4 well.

Ledovy license 67 lies in the main oil-bearing region of the Tomsk Oblast west of the Ob River and has 14 million bbl net 2P reserves. Tungolsky license 61 is on the east side of the Ob River containing seven oil fields and over 25 identified prospects and leads. It is the least explored oil-bearing region of the Tomsk Oblast. Estimated 2P reserves are 117.05 million bbl.

PetroNeft is operator of license 67 (90%) with partner Belgrave Naftogas BV (10%). PetroNeft is also operator of license 61 (50%) with partner Oil India Ltd. (50%).