Varandeiskoye is a producing heavy oil field located onshore Russia and is operated by Lukoil-Komi. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Varandeyskoye. Buy the profile here.
Field participation details
The field is owned by Lukoil Oil.
Production from Varandeiskoye
The Varandeiskoye heavy oil field recovered 50.69% of its total recoverable reserves, with peak production in 2005. The peak production was approximately 2.48 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2092.
Remaining recoverable reserves
The field is expected to recover 11.88 Mmboe, comprised of 11.26 Mmbbl of crude oil & condensate and 3.70 bcf of natural gas reserves. Varandeiskoye heavy oil field reserves accounts 0.03% of total remaining reserves of producing heavy oil fields globally.
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.
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