Ugutskoye West (Zapadno-Ugutskoye) is a producing conventional oil field located onshore Russia and is operated by Rosneft Oil. The field is located in block Ugutsky West (Zapadno-Ugutsky).

Field participation details

The field is owned by Rosneft Oil .


Production from Ugutskoye West (Zapadno-Ugutskoye)

The Ugutskoye West (Zapadno-Ugutskoye) conventional oil field recovered 50.49% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 16.07 thousand bpd of crude oil and condensate and 3 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2049.


Remaining recoverable reserves

The field is expected to recover 31.91 Mmboe, comprised of 28.6 Mmbbl of crude oil & condensate and 19.9 bcf of natural gas reserves. Ugutskoye West (Zapadno-Ugutskoye) conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


About Rosneft Oil

Rosneft Oil Co (Rosneft) is a vertically integrated oil and gas company. It explores for, develops and produces crude oil, natural gas and condensates; and refines, markets and distributes petroleum products and petrochemicals. It has exploration assets in Western Siberia, Eastern Siberia, Timan-Pechora, Volga-and Ural Regions, Krasnodar and the Russian Far East. Internationally, Rosneft has assets in Venezuela, Ecuador, Cuba, Canada, China and other countries. The company markets refined petroleum products through a network of service stations in several regions in Russia, and exports them to various other countries. Its refined petroleum products include diesel, gasoline, jet fuel, fuel oil and petrochemicals, among others. Rosneft is headquartered in Moscow, 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.