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December 3, 2021updated 27 Apr 2022 12:16pm

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

By Carmen

Bayandyskoye South (Yuzhno-Bayandyskoye) is a producing conventional oil field located onshore Russia and is operated by Lukoil-Komi. The field is located in block Denisovskaya.

Field participation details

The field is owned by Lukoil Oil.


Production from Bayandyskoye South (Yuzhno-Bayandyskoye)

The Bayandyskoye South (Yuzhno-Bayandyskoye) conventional oil field recovered 24.76% of its total recoverable reserves, with peak production expected in 2023. The peak production will approximately 5.11 thousand bpd of crude oil and condensate and 3 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2082.


Remaining recoverable reserves

The field is expected to recover 37.4 Mmboe, comprised of 34.84 Mmbbl of crude oil & condensate and 15.36 bcf of natural gas reserves. Bayandyskoye South (Yuzhno-Bayandyskoye) conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


About Lukoil-Komi

Lukoil-Komi (Lukoil-Komi), a subsidiary of Lukoil Oil Co, is a mining company that offers an exploration of mineral properties. The company’s business activities include exploration, production, and development of hydrocarbon raw materials, crude oil, gas, and oil and gas sales, and transportation and storage of oil. It also fills the mineral resource base of the Timan-Pechora oil and gas province. Lukoil-Komi operates through its production facilities such as LUKOIL- Usinskneftegaz, LUKOIL – Ukhtaneftegaz, and LUKOIL – Severneftegas. The company operates projects for exploration and production in the municipalities of Usinsk, Pechora, Ukhta, Izhemsky, Sosnogorsk, Ust-Tsilemsky, and Nayan-Mar. Lukoil-Komi is headquartered in Usinsk, Komi Republic, 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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