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November 29, 2021updated 27 Apr 2022 12:16pm

Vankorskoye (Vankorskaya Area) Conventional Oil Field, Russia

By Carmen

Vankorskoye (Vankorskaya Area) is a producing conventional oil field located onshore Russia and is operated by Vankorneft. The field is located in block Vankorskaya.

Field participation details

The field is owned by Rosneft Oil, Oil and Natural Gas, Indian Oil, Bharat Petroleum, Oil India, Trafigura Group, Vitol Holding II and Mercantile & Maritime Energy.


Production from Vankorskoye (Vankorskaya Area)

The Vankorskoye (Vankorskaya Area) conventional oil field recovered 41.90% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 612.49 thousand bpd of crude oil and condensate and 1,615 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2060. The field currently accounts for approximately 2% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 3,244.14 Mmboe, comprised of 2,783.31 Mmbbl of crude oil & condensate and 2,764.98 bcf of natural gas reserves. Vankorskoye (Vankorskaya Area) conventional oil field reserves accounts 0.70% 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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