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November 29, 2021updated 27 Apr 2022 11:59am

Balykskoye South (Yuzhno-Balykskoye) Conventional Oil Field, Russia

By Carmen

Balykskoye South (Yuzhno-Balykskoye) is a producing conventional oil field located onshore Russia and is operated by Rosneft Oil. The field is located in block Balyksky South (Yuzhno-Balyksky).

Field participation details

The field is owned by Rosneft Oil.


Production from Balykskoye South (Yuzhno-Balykskoye)

The Balykskoye South (Yuzhno-Balykskoye) conventional oil field recovered 34.41% of its total recoverable reserves, with peak production expected in 2027. The peak production will approximately 33.28 thousand bpd of crude oil and condensate and 7 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2079.


Remaining recoverable reserves

The field is expected to recover 237.57 Mmboe, comprised of 228.26 Mmbbl of crude oil & condensate and 55.83 bcf of natural gas reserves. Balykskoye South (Yuzhno-Balykskoye) conventional oil field reserves accounts 0.05% of total remaining reserves of producing conventional oil fields globally.


About Rosneft Oil

Rosneft Oil Co (Rosneft) is a vertically integrated oil and gas company. It explores for, develops and produces crude oil, natural gas and condensates; and refines, markets and distributes petroleum products and petrochemicals. It has exploration assets in Western Siberia, Eastern Siberia, Timan-Pechora, Volga-and Ural Regions, Krasnodar and the Russian Far East. Internationally, Rosneft has assets in Venezuela, Ecuador, Cuba, Canada, China and other countries. The company markets refined petroleum products through a network of service stations in several regions in Russia, and exports them to various other countries. Its refined petroleum products include diesel, gasoline, jet fuel, fuel oil and petrochemicals, among others. Rosneft is headquartered in Moscow, Russia.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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