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November 26, 2021

Y. Korchagin Conventional Oil Field, Russia

By Carmen

Y. Korchagin is a producing conventional oil field located in shallow water in Russia and is operated by Lukoil-Nizhnevolzhskneft. The field is located in block Severny (ShKS), with water depth of 43 feet.

Field participation details

The field is owned by Lukoil Oil.


Production from Y. Korchagin

The Y. Korchagin conventional oil field recovered 35.35% of its total recoverable reserves, with peak production in 2015. The peak production was approximately 31.92 thousand bpd of crude oil and condensate. 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 144.32 Mmboe, comprised of 133.74 Mmbbl of crude oil & condensate and 63.46 bcf of natural gas reserves. Y. Korchagin conventional oil field reserves accounts 0.03% of total remaining reserves of producing conventional oil fields globally.


About Lukoil-Nizhnevolzhskneft

Lukoil-Nizhnevolzhskneft (LUKOIL), a subsidiary of Lukoil Oil Co is an oil and gas exploration and development company that explores, discovers, and develops oil and gas fields in the Caspian region and Astrakhan oblast. The company invests in the resource base, optimized quality management process, increased levels of industrial and environmental safety, geography of activities opened serious prospects, associated with participation in offshore projects. It has gas-processing plant in Kotovo. LUKOIL also operates exploration work in the central part of western Kazakhstan. The company holds contracts for the construction of infield pipelines and oil export pipeline and gas fields in the North Caspian Sea. LUKOIL is headquartered in Astrakhan, 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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