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

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

By Carmen

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

Field participation details

The field is owned by Lukoil Oil .


Production from Lyzhskoye South (Yuzhno-Lyzhskoye)

The Lyzhskoye South (Yuzhno-Lyzhskoye) conventional oil field recovered 47.94% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 13.86 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 2068.


Remaining recoverable reserves

The field is expected to recover 64.56 Mmboe, comprised of 58.82 Mmbbl of crude oil & condensate and 34.42 bcf of natural gas reserves. Lyzhskoye South (Yuzhno-Lyzhskoye) 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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