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November 30, 2021

Verkhne-Shapshinskoye Conventional Oil Field, Russia

By Carmen

Verkhne-Shapshinskoye is a producing conventional oil field located onshore Russia and is operated by NK RussNeft. The field is located in block Verkhne-Shapshinsky.

Field participation details

The field is owned by NK RussNeft.


Production from Verkhne-Shapshinskoye

The Verkhne-Shapshinskoye conventional oil field recovered 18.04% of its total recoverable reserves, with peak production expected in 2027. The peak production will approximately 86.22 thousand bpd of crude oil and condensate and 10 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2074.


Remaining recoverable reserves

The field is expected to recover 508.21 Mmboe, comprised of 494.92 Mmbbl of crude oil & condensate and 79.75 bcf of natural gas reserves. Verkhne-Shapshinskoye conventional oil field reserves accounts 0.10% of total remaining reserves of producing conventional oil fields globally.


About NK RussNeft

NK RussNeft (RussNeft) is an oil and gas company. The company produces, refines, and distributes crude oil, gas and petroleum products. It operates through providing services such as geological exploration and reserves, oil production, exploration and reserves and gas production. RussNeft’s exploration and reserves offer geographical and operational profile such as west Siberia group, Volga group and central Siberia group. The company’s gas project division develops associated petroleum gas utilization and programs of natural gas production and processing, and gas power generation. It has presence across Russia, in Moscow, Penza, Raduzhny, Tomsk and others. RussNeft 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.

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