PANOCO PRESSES PLANS FOR SOVIET OIL FIELD DEVELOPMENT

A unit of Panoco Holding AG, Nyon, Switzerland, has disclosed more details on a $600 million oil field development program in Tatar A.S.S.R. of the Soviet Union. Panoco U.S.S.R. AG and Tatarstan's Tateneft Oil & Gas Association will develop seven oil fields in a 78,461 acre area west of giant Romashkino field (OGJ, Aug. 12, p. 31). Proved reserves are estimated at 1.69 billion bbl. Panoco hopes to get its joint venture registered by Dec. 1. The venture, designated Blue Kama, will drill

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home