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December 1, 2021

Vstrechnoye Conventional Oil Field, Russia

By Carmen

Vstrechnoye is a producing conventional oil field located onshore Russia and is operated by Rosneft Oil. The field is located in block Vstrechny.

Field participation details

The field is owned by Rosneft Oil.


Production from Vstrechnoye

The Vstrechnoye conventional oil field recovered 45.70% of its total recoverable reserves, with peak production in 2016. The peak production was approximately 24.17 thousand bpd of crude oil and condensate and 33 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2047.


Remaining recoverable reserves

The field is expected to recover 60.73 Mmboe, comprised of 35.28 Mmbbl of crude oil & condensate and 152.73 bcf of natural gas reserves. Vstrechnoye 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.

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