Output up at Russia's Verkhnechonskoe field

By OGJ editors
-- The Vercknechonskneftegas (VCNG) combine produced 1.181 million tons (23,500 b/d) of oil in 2009, 30% above plan, the organization said.

The group drilled and prepared for operation 41 wells in giant Verkhnechonskoe field in 2009. The field, in Kataganskiy District, Irkutsk Region, is considered Eastern Siberia Russia’s largest oil field.

Verkhnechonskoe field reservoir pressure maintenance is a prerequisite for efficient use of the hydrocarbon reserves, the combine said.

The field has C1+C2 reserves of 201.6 million tons of oil, 95.5 billion cu m of gas, and 3.4 million tons of condensate. Oil and condensate are to be shipped on the East Siberia-Pacific Ocean pipeline, the first phase of which opened at the end of 2009 (OGJ Online, Dec. 29, 2009).

The major shareholders in VCNG are TNK-BP Holding 68.51%, Rosneft 25.94%, and East-Siberian Gas Co. 5.48%.

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