Project Profile
Value: Undisclosed
Location: Southern Russian autonomous Republic of Adygea, Russia
Production: Unknown
Remaining 2P Reserves (2016 June): 499 bcf of gas and 788,000 barrels of condensate
Start-up Year: -
The Koshekhablskoye field is located in the southern Russian autonomous Republic of Adygea. The field was discovered in 1972 and produced a total 89 Bcf of gas before operations were suspended in January 2006. In 2007 JKX acquired Yuzhgazenergie (YGE) which holds the licence to redevelop the 32.7 square km gas field. JKX Oil and Gas Plc is the operator of the field with 100% interest. In June 2006, YGE was granted a new 20 year licence to rehabilitate and further appraise and develop the field.
Following the acquisition, the detailed technical and environmental re-evaluation by JKX concluded that the existing production facility (gas production facility – GPF) would have to be completely replaced because it could meet neither the new gas specification required for entry to the Gazprom transit system nor the environmental standard for emissions to the immediate environment. Commercial gas sales from the GPF commenced in 2012. The remaining proved and probable reserves for the field, as at 30 June 2016, stood at 499 bcf of gas and 788,000 barrels of condensate. However, there were no proven undeveloped resources held at Koshekhablskoye.
Operators:
JKX Oil and Gas Plc (through the subsidiary Yuzhgazenergie YGE): Operator with 100% interest