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November 29, 2021updated 30 Nov 2021 12:56pm

Kustovoye Conventional Oil Field, Russia

By Carmen

Kustovoye is a producing conventional oil field located onshore Russia and is operated by Lukoil-Western Siberia. The field is located in block Kustovoy.

Field participation details

The field is owned by Lukoil Oil.


Production from Kustovoye

The Kustovoye conventional oil field recovered 73.13% of its total recoverable reserves, with peak production in 2012. The peak production was approximately 17.25 thousand bpd of crude oil and condensate and 5 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2042.


Remaining recoverable reserves

The field is expected to recover 35 Mmboe, comprised of 29.92 Mmbbl of crude oil & condensate and 30.44 bcf of natural gas reserves. Kustovoye conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


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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