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November 30, 2021updated 27 Apr 2022 12:31pm

Ust-Balykskoye West (Zapadno-Ust-Balykskoye) Conventional Oil Field, Russia

By Carmen

Ust-Balykskoye West (Zapadno-Ust-Balykskoye) is a producing conventional oil field located onshore Russia and is operated by Slavneft-Nizhnevartovsk. The field is located in block Ust-Balyksky West (Zapadno-Ust-Balyksky).

Field participation details

The field is owned by Others, Gazprom and Rosneft Oil.


Production from Ust-Balykskoye West (Zapadno-Ust-Balykskoye)

The Ust-Balykskoye West (Zapadno-Ust-Balykskoye) conventional oil field recovered 49.81% of its total recoverable reserves, with peak production in 2013. The peak production was approximately 26.7 thousand bpd of crude oil and condensate and 7 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2060.


Remaining recoverable reserves

The field is expected to recover 74.91 Mmboe, comprised of 70.36 Mmbbl of crude oil & condensate and 27.25 bcf of natural gas reserves. Ust-Balykskoye West (Zapadno-Ust-Balykskoye) conventional oil field reserves accounts 0.02% of total remaining reserves of producing conventional oil fields globally.


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.

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