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Lukoil begins drilling at Imilorsko-Istochniy license area

25th February 2014

Lukoil has started production drilling at the Imilorsko-Istochniy license area

Lukoil starts production drilling at the Imilorsko-Istochniy license area

Vagit Alekperov, president of OAO LUKOIL, has presided over a ceremony dedicated to the start of production drilling at the Imilorsko-Istochniy license area.

At this point, 23 kilometers of 426-mm oil pipelines, 42 kilometers of roads and a 74-m bridge across the Entl-Imiyagun River have been constructed, 4 well pads are under development, 3D seismic data is collected for an area exceeding 1.5 thousand sq. km.

Additional seismic surveys will be performed at the site as a follow-up exploration and study of the Imilorsko-Istochniy license area in the coming years while 20 historic wildcat wells will be retested and 11 new wildcat wells will be drilled.

In December 2012, LUKOIL-West Siberia, which is a wholly-owned subsidiary, won an auction to produce from a federal-grade area, including the Imilorskoye+West Imilorskoye and Istochnoye fields located in Khanty-Mansi Autonomous Okrug - Yugra.  

The subsoil use license shall be valid for 20 years. The Imilorskoye field is located in the immediate vicinity of the Tevlinsko-Russkinskye field, LUKOIL-West Siberia’s largest field under development, and may be viewed as its sibling in terms of geological properties.

Since January 1, 2012, the geological and recoverable oil reserves of the site, which amounted to 855.5 million tons and 193.7 million tons in categories C1 and C2 respectively.

Availability of the production and transportation infrastructure enables a comparatively fast preparation of the site for commissioning enhanced by the maximum economic and synergistic effects, and may give a strong increment in the reserves as well as production rate for West Siberia, one of the Company’s strategic regions.

 

 

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