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

An expansion project is associated with the Verkhnechonskoye, namely the Verkhnechonskoye Development. This project is currently in the approval stage, expected to start in 2023.

Field participation details

The field is owned by Beijing Gas Group and Rosneft Oil.

Production from Verkhnechonskoye

The Verkhnechonskoye conventional oil field recovered 49.29% of its total recoverable reserves, with peak production in 2018. Based on economic assumptions, production will continue until the field reaches its economic limit in 2060. The field currently accounts for approximately 1% of the country’s daily output.

About Verkhnechonskneftegaz

Verkhnechonskneftegaz, a subsidiary of Rosneft Oil Co is an oil and gas company that explores, develops and produces oil and gas properties. The company operates properties in Katangsky district of Irkutsk region. It transports produced oil to the pipeline system through Eastern Siberia - Pacific Ocean. Yuganskneftegaz operates in the Priobskoe, Mamontovskoe, Malobalykskoe and Prirazlomnoe fields. The company’s projects comprise Priobskoe and Prirazlomnoe. Its fields are integrated with the regional transport infrastructure and Crude oil are exported and delivered to the domestic market by trunk pipeline. Verkhnechonskneftegaz is headquartered in Irkutsk, Russia.

For more details on the Verkhnechonskoye Conventional Oil Field, buy the profile here.

This content was updated on 21 July 2023

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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.