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Gazprom launches second tight oil project

14th January 2013

Gazprom to examine tight oil potential of formations in Western Siberia, development may follow

Gazprom launches second tight oil project
Gazprom will examine drilling results and make a decision on further project development in spring 2013

Russian energy giant Gazprom has begun drilling the first appraisal well at the Krasnoleninsky deposit, Palyanovskaya zone, Western Siberia, as part of its program to develop unconventional and hard to recover oil reserves, the company announced in a statement on Friday.

Drilling at the Krasnoleninsky deposit in the Khanty-Mansi Autonomous District in Western Siberia will help Gazprom “improve tight oil expertise in order to develop hydrocarbons located in the Bazhenov, Abalakskaya and Frolovskaya formations,” the company said. “These formations in Western Siberia have extremely low porosity but high oil content and have not been extensively explored.,” Gazprom added.
Gazprom will collect core samples from the formations in the zone and conduct hydrodynamic tests.

Processing of seismic data obtained prior to drilling, as well as follow-up tests of previous wells indicated that tight oil could be produced in the Palyanovskaya zone, the Russian company has said. Gazprom will examine drilling results and make a decision on further project development in spring 2013.

This is Gazprom's second tight oil project. The company is also involved in a similar project with Shell as part of the Salym Petroleum Development (SPD) joint venture. Gazprom Neft, Shell and SPD produced a roadmap, which sets the stages leading towards full-scale development of the Bazhenov formation at the Verkhne-Salymskoye oil deposit in the Khanty-Mansi Autonomous District.