Znamenskoye is a producing conventional oil field located onshore Russia and is operated by Bashneft. The field is located in block Znamenskoye.
Field participation details
The field is owned by Rosneft Oil.
Production from Znamenskoye
The Znamenskoye conventional oil field recovered 43.24% of its total recoverable reserves, with peak production in 2016. The peak production was approximately 13.26 thousand bpd of crude oil and condensate and 2 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2068.
Remaining recoverable reserves
The field is expected to recover 62.97 Mmboe, comprised of 61.54 Mmbbl of crude oil & condensate and 8.62 bcf of natural gas reserves. Znamenskoye conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.
Bashneft, a subsidiary of Rosneft Oil Co is a vertically integrated oil and gas company. It explores, produces, refines, production, markets and distributes oil and petroleum products. The company sells crude oil, petroleum products and petrochemical products to the domestic market. Its asset base includes oil and gas fields, refineries and petrol stations. The company primarily operates in Russia and participates in joint overseas geological exploration projects in Iraq and Myanmar as an operator. It has oil reserves and resource base in major oil-producing regions, Volga-Urals province, Timan-Pechora and Western Siberia in Russia. Bashneft is headquartered in Ufa, Russia.
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.