Novoognennoye field discovery on the border of the Krasnoyarsk territory and Yamalo-Nenets Autonomous District holds recoverable reserves of 20 million tonnes oil and about 1 billion cu m gas, Rosneft Oil Co. subsidiary RN-Vankor said in a release July 23.
The discovery was made as part of a comprehensive exploration program designed to increase the resource base of Vostok Oil which unites Rosneft’s projects in northern Russia, including three oilfields in the Vankor area.
RN-Vankor performs geological exploration at 38 licenses located north of the Krasnoyarsk Territory and in the Yamalo-Nenets Autonomous District. The company's exploration division carried out 600 linear km 2D seismic work and successfully fractured an appraisal well.
The Vankor project's resource potential has more than doubled since the launch in 2009 due to the large-scale exploration works on the license areas, the company said. Crude reserves have increased by 20%, the gas reserves by 54%.
The improvement of reserve replacement efficiency is one of the key elements of the Rosneft-2022 Strategy. The company has committed to replenish at least 100% of the hydrocarbons produced.
