Project Profile
Location: Khanty-Mansiy Region, Russia
Value: $50 Million
International Petroleum Limited comprises a 75% equity interest in the exploration rights to four blocks in Western Siberia. The four blocks cover a total area of 1,467 km² and are located in the Khanty-Mansiysk Region in Western Siberia, the largest oil-producing region of Russia.
The four licence blocks have been extensively surveyed by 1,450 kilometres of closely spaced 2D seismic, which identified more than thirty prospects, including five \'superstructures\'. Within these superstructures, there are a number of potential reservoirs, ranging in age from Palaeozoic to Cretaceous, stacked upon each other, offering the potential of multiple producing zones in a single well.
Well No. 1 and Well No. 2 at the Krasnoleninskiy Project have planned target depths of 2,850 metres and 2,930 metres respectively to investigate formations ranging in age from Cretaceous down through the weathered crust of the Palaeozoic. These two wells are two of four wells that are planned to be drilled at the Krasnoleninskiy Project and are currently being drilled simultaneously, using two separate drilling rigs, in two of the four licence blocks.
Both wells No. 1 and No.2 have reached their target depths and are now undergoing electrical logging to further investigate the productivity of these discoveries.
Operator:
International Petroleum Ltd.: 75% interest
Contractor:
Ryder Scott Company: Evaluation reports