Gazprom Neft and Petrovietnam signed a series of agreements to extend their collaboration activity on the Pechora Sea shelf.
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Dolginskoye field. From Gazprom. |
The joint oil and gas exploration, production and development projects will be at the Dolginskoye field and the Severo-Zapadnyi (North West) licensed block. The two parties have agreed to create a dedicated working group of experts from both companies.
By the end of October 2015, Gazprom Neft and Petrovietnam will form a list of priority oil and gas fields and agree the basic terms of the partnership before further agreements are signed. The projects will be implemented via joint ventures of Gazprom Neft and Petrovietnam, in which the stakes of each party will be negotiated.
Dolginskoye
The Dolginskoye oil field is located in the center of the Pechora Sea, 120km south of the Novaya Zemlya archipelago and 110km north of the mainland coast. The field, discovered in 1999, lies at a depth of 35–55m below sea-level. 2D seismic surveys have been undertaken at the field extending more than 11,000km, as well as 3D seismic surveys covering an area of 1600sq km. Four exploration wells have been drilled — three in the north and one in the south of the Dolginskoye field.
Severo-Zapadnyi (North West)
The North West license block is situated in the Pechora Sea, relatively near to the Dolginskoye and Prirazlomnoye shelves where Gazprom Neft is also operating. The sea at the block has a depth of around 200m. 2D seismic surveys carried out on the block covered 11,500km in total at a relative density of 1.17km.
The block has an area of 886,000sq m and its potential reserves (classified D1 according to Russian standards) are estimated at more than 105 million-tonne of oil and condensates, and 60 Bcm of gas.
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