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November 26, 2021

Luginetskoye West (Zapadno-Luginetskoye) Conventional Oil Field, Russia

By Carmen

Luginetskoye West (Zapadno-Luginetskoye) is a producing conventional oil field located onshore Russia and is operated by Gazpromneft-Vostok. The field is located in block Luginetsky West (Zapadno-Luginetsky).

Field participation details

The field is owned by Others, Mubadala Investment and Gazprom.


Production from Luginetskoye West (Zapadno-Luginetskoye)

The Luginetskoye West (Zapadno-Luginetskoye) conventional oil field recovered 28.53% of its total recoverable reserves, with peak production in 2014. The peak production was approximately 4.48 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 2075.


Remaining recoverable reserves

The field is expected to recover 32.73 Mmboe, comprised of 29.74 Mmbbl of crude oil & condensate and 17.98 bcf of natural gas reserves. Luginetskoye West (Zapadno-Luginetskoye) 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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