Project Profile
Value: Undisclosed
Location: Buzulukskiy license area, Russia
Production: 650,000 tonnes
Reserves: 16 million tonnes (117 million barrels) (estimated made in 2012)
Start-up Year: 2016
OJSC Orenburgneft (part of the TNK-BP Group) discovered the Morgunovskoye oilfield, situated within the Buzulukskiy licence area, in 2010. Reserves were estimated in 2012 at 16 million tonnes (117 million barrels) of oil. Thirteen wells are planned were to be drilled there by the end of 2012. TNK-BP planned to implement a pilot production project in the Morgunovskoye field for three years – until 2015. Maximum production was expected to be achieved by 2016 with the commencement of commercial operation. By that time a drilling potential will be fulfilled – 54 development wells with production of approximately 650,000 tonnes per year (13,000 bpd).
Operators:
Rosneft: Operator with 100% interest