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December 3, 2021

Labaganskoye Heavy Oil Field, Russia

By Carmen

Labaganskoye is a producing heavy oil field located onshore Russia and is operated by Severnaya Neft. The field is located in block Labagansky.

Field participation details

The field is owned by Rosneft Oil and Independent Petroleum.


Production from Labaganskoye

The Labaganskoye heavy oil field recovered 42.45% of its total recoverable reserves, with peak production in 2016. The peak production was approximately 18.5 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2053.


Remaining recoverable reserves

The field is expected to recover 35.86 Mmboe, comprised of 35.86 Mmbbl of crude oil & condensate. Labaganskoye heavy oil field reserves accounts 0.08% of total remaining reserves of producing heavy oil fields globally.


About Severnaya Neft

Severnaya Neft, is produces hydrocarbon products that conducts exploratory operations to find oil and gas deposits. The company is headquartered in 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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