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 52.71% of its total recoverable reserves, with peak production in 2018. The peak production was approximately 205.44 thousand bpd of crude oil and condensate and 84.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2053. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 736.56 Mmboe, comprised of 647.85 Mmbbl of crude oil & condensate and 532.25 bcf of natural gas reserves. Verkhnechonskoye conventional oil field reserves accounts 0.16% of total remaining reserves of producing conventional oil fields globally.
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.