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November 29, 2021

Yaregskoye (EVO) Heavy Oil Field, Russia

By Carmen

Yaregskoye (EVO) is a producing heavy oil field located onshore Russia and is operated by Lukoil-Komi. The field is located in block Yaregskoye (Lyaelskaya), Yaregskoye, and Yaregskoye (North).

Field participation details

The field is owned by Lukoil Oil.


Production from Yaregskoye (EVO)

The Yaregskoye (EVO) heavy oil field recovered 14.93% of its total recoverable reserves, with peak production expected in 2026. The peak production will approximately 72.83 thousand bpd of crude oil and condensate and 20 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2080.


Remaining recoverable reserves

The field is expected to recover 675.71 Mmboe, comprised of 650.87 Mmbbl of crude oil & condensate and 149.04 bcf of natural gas reserves. Yaregskoye (EVO) heavy oil field reserves accounts 1.48% of total remaining reserves of producing heavy oil fields globally.


About Lukoil-Komi

Lukoil-Komi (Lukoil-Komi), a subsidiary of Lukoil Oil Company, is a mining company that offers exploration of mineral properties. The company’s business activities include exploration, production and development of hydrocarbon raw materials, crude oil, gas, and oil and gas sales and transportation and storage of oil. It also fills the mineral resource base of the Timan-Pechora oil and gas province. Lukoil-Komi operates through its production facilities such as LUKOIL- Usinskneftegaz, LUKOIL – Ukhtaneftegaz, and LUKOIL – Severneftegas. The company operates projects for exploration and production in the municipalities of Usinsk, Pechora, Ukhta, Izhemsky, Sosnogorsk, Ust-Tsilemsky and Nayan-Mar. Lukoil-Komi is headquartered in Usinsk, Komi Republic, 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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