Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Gazprom Begins New Tight Oil Project

change text size

MOSCOW – OAO Gazprom Neft, the oil arm of state-controlled gas giant OAO Gazprom, has begun drilling an appraisal well as part of its program to develop unconventional and hard-to-recover oil reserves, the company said in a statement Friday.

The drilling at the Krasnoleninsky deposit in the Khanty-Mansi Autonomous District in Siberia will help Gazprom Neft "improve tight oil expertise in order to develop hydrocarbons located in the Bazhenov, Abalakskaya and Frolovskaya formations," the company said. It will examine the reults of drilling in spring this year then decide on further project development.

Oil companies in Russia – the world's top energy producer – are increasingly looking to deposits that are harder to tap as production declines at Soviet-era fields in Western Siberia.

Gazprom Neft is already working on a similar tight oil project with Royal Dutch Shell. In December, state-controlled oil giant OAO Rosneft and Exxon Mobil Corp. signed a deal for a pilot drilling program to assess tight oil reserves.
 

 

Copyright (c) 2012 Dow Jones & Company, Inc.

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Most Popular Articles
From the Career Center
Jobs that may interest you
Marine OIM
Expertise: Barge Engineer, OIM
Location: International
 
Senior Toolpusher for Deepwater
Expertise: Drilling Superintendent, OIM, Toolpusher
Location: International
 
Hydraulic Mechanic
Expertise: Rig Mechanic
Location: North Sea & International
 
search for more jobs