Gazprom Neft Orenburg acquires new acreage

Gazprom Neft Orenburg has bought the rights for geological prospecting and E&P rights to the Yagodny licence area in the Orenburg Oblast. Covering 500 km² in total, the licence area includes the Zemlyanskoye field, originally discovered in 1978. Drilling of exploration and prospecting wells, as well as 2D and 3D seismic works, had previously been undertaken within the licence area.

3D seismic studies

Further investigations are to be undertaken in the next few years in order to confirm reserves at the Yagodny block including, in particular, 3D seismic investigations covering an area of 400 km², after which drilling will commence.

The block is located within the Novosergiyevsky and Perevolotsky districts of the Orenburg Oblast, both of which benefit from good transport and oil and gas infrastructure. Other Gazprom Neft field assets are also located within direct proximity, including the Baleikinskoe, Filatovskoe, Kapitonovskoe and Tsarichanskoe fields, as well as the Uransky block and the Kuvaisky licence area, acquired by the company one month ago – on which basis, usage of pre-existing shared infrastructure is expected to deliver additional benefits in terms of synergies.

Significant increase in hydrocarbon production

Gazprom Neft Orenburg General Director Alexei Ovechkin commented: “The almost simultaneous acquisition of two new licence areas within the Orenburg Oblast gives us the opportunity to further expand our resource base and continue establishing a new extraction cluster within the region, where we will be able, within the next five years, to produce up to 8.5 million tpy of hydrocarbons.”

Adapted from press release by Cecilia Rehn

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