RN-Uvatneftegaz Starts Oil Production

RN-Uvatneftegaz, a Rosneft subsidiary, started commercial oil production at Zapadno-Epasskoye field, a new field of the Uvat project.

The field is located 250 km away from the village of Uvat within the Ust-Tegussky license area. Its recoverable oil reserves amount to over 17 mln mt. Currently the field’s well stock accounts to seven wells. Hydraulic fracturing implemented at two wells enabled boosting its joint oil production rate to 470 cubic meters per day.

Facilities of Zapadno-Epasskoye field are part of the Eastern Development Center (EDC) infrastructure, which allows getting substantial synergy effect. EDC also includes the Urnenskoye, the Ust-Tegusskoye, the Yuzhno-Gavrikovskoye, and the Malyk fields.

Commercial production at the Zapadno-Epasskoye field is a milestone in a large-scale initiative of commissioning new deposits under the Uvat project. In 2015, three new deposits – the Protozanovskoye, the Yuzhno-Gavrikovskoye, and the Malyk – were commissioned.

EDC accounts for the majority of Uvat project’s output: in 2015 EDC fields produced 9.8 mln mt of oil.

RN-Uvatneftegaz is constantly working to expand its resource base. At the year-end of 2015, the company acquired a license for hydrocarbon exploration and production at the Taytymsky section. In 2015, the company’s reserves grew 150% thus balancing the output.

In 2015, annual oil production across the Uvat fields rose to 11 mln mt, from 1.2 mln mt in 2004.