Languages

Statoil, Rosneft complete joint tundra drilling

The North-Komsomolskoye is a major oil field with a complicated structure.

The two companies’ first ever joint drilling operations could result in the development of a major new Arctic oil field. 

The two horisontal exploitation wells made at the North-Komsomolskoye field could eventually lead to the development of as much as 600 million tons of oil, Rosneft informs in a press release. The field located in the Nenets-Yamal region, not far from the Ob River, has extrctable resources estimated to 175 million tons of oil and 167 billion cubic meters of gas.

The field is considered a highly complex deposit with a major degree of sand substances in the oil. A total of 15 pilot wells conducted in the period 2001-2003 and were all considered of unsatisfactory quality, Neftegaz.ru informs.

The North-Komsomolskoye is part of the comprehensive cooperation agreement signed by the two companies in 2012. In addition, the agreement includes joint operations in the Barents Sea and the Sea of Okhotsk.

“The pilot drilling at the North-Komsomolskoye field opens a new stage of the joint work of Rosneft and Statoil”, company President Igor Sechin says. “The companies are working actively and continue to develop their long-term cooperation,” he adds