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November 29, 2021

Vachimskoye Heavy Oil Field, Russia

By Carmen

Vachimskoye is a producing heavy oil field located onshore Russia and is operated by Surgutneftegas. The field is located in block Vachimskoye.

Field participation details

The field is owned by Surgutneftegas.


Production from Vachimskoye

The Vachimskoye heavy oil field recovered 75.19% of its total recoverable reserves, with peak production in 2010. The peak production was approximately 51.57 thousand bpd of crude oil and condensate and 74 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2040.


Remaining recoverable reserves

The field is expected to recover 58.99 Mmboe, comprised of 52.41 Mmbbl of crude oil & condensate and 39.47 bcf of natural gas reserves. Vachimskoye heavy oil field reserves accounts 0.13% of total remaining reserves of producing heavy oil fields globally.


About Surgutneftegas

Surgutneftegas is an integrated energy company that carries out the production, exploration, gas processing, power generation and marketing of petroleum products, petrochemicals and gas products. The company is engaged in oil and gas processing and power generation, wholesale and retail trade of petroleum products and related services. It owns and operates, Kirishinefteorgsintez refinery in Russia. Its refinery produces petroleum products such as motor fuels, aromatics, liquid paraffin, diesel fuel, jet fuel and bitumens. The company also operates its retail activities through subsidiaries and offers a range of reservoir management, construction of facilities, environmental safety and process automation services. Surgutneftegas is headquartered in Surgut, 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.

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