Project Profile
Reserves: Estimated 6.3 bln barrels crude oil
Location: West-Chernomorsky licensed block
In 2007, Rosneft won an auction of certain former Yukos assets, including a 100% stake in the Val Shatskogo project (West-Chernomorsky licensed block) on the Black Sea shelf. The acquisition was in line with the company’s strategy aimed at extending asset portfolio in the priority regions of operation. The West-Chernomorsky block borders Rosneft’s Tuapse block. The licensed block comprises about 10 prospective structures, the North-Chernomorskaya, Maria and Sklonovaya being the largest. Total prospective resources of the block are estimated at about 6.3 bln barrels of crude oil.
The company carried out 1,250 sq km of 3D seismic and 450 km of 2D seismic at the block in 2008. Analysis of 4,394 km of 2D seismic from previous years, processing and interpreting the new data as well as choosing well locations were completed. Work continued in 2009 as part of the West-Chernomorsky project to prepare for drilling of prospecting wells. These areas have huge resource potential, but their exploration requires major investments due to the considerable sea depths. Rosneft may seek partners to assist in implementation of these projects.
Operators:
Rosneft
Eni