Nizhne-Shapshinskoye is a producing conventional oil field located onshore Russia and is operated by NK RussNeft. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Nizhne-Shapshinsky. Buy the profile here.

Field participation details

The field is owned by NK RussNeft.

Production from Nizhne-Shapshinskoye

The Nizhne-Shapshinskoye conventional oil field recovered 91.85% of its total recoverable reserves, with peak production in 2015. The peak production was approximately 8.59 thousand bpd of crude oil and condensate and 3.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2031.

Remaining recoverable reserves

The field is expected to recover 2.97 Mmboe, comprised of 2.72 Mmbbl of crude oil & condensate and 1.49 bcf of natural gas reserves.

About NK RussNeft

NK RussNeft (RussNeft) is an oil and gas company that produces, refines and distributes crude oil, gas and petroleum products. It operates through providing services such as geological exploration and reserves, oil production, exploration and reserves and gas production. RussNeft’s exploration and reserves offer geographical and operational profile such as west Siberia group, Volga group and central Siberia group. The company’s gas project division develops associated petroleum gas utilization and programs of natural gas production and processing, and gas power generation. It has presence across Russia, in Moscow, Penza, Raduzhny, Tomsk and others. The company serve customers throughout Russia. RussNeft is headquartered in Moscow, Russia.

For more details on the Nizhne-Shapshinskoye Conventional Oil Field, buy the profile here.

GlobalData

GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.