Imperial has announced the grant of a new long term production license and further exploration successes at its Tomsk fields, Western Siberia, Russian Federation.
New Production License
The Ministry of Natural Resources has granted and registered a new production license for the Golovnoye Field, Block 74, Tomsk, Western Siberia. The License is for the period until July 10, 2028.
Complementing the testing results of the Lower Cretaceous section, successful testing of the primary target J1-1 Jurassic Section has now taken place in both exploration wells 361 and 364 which are 6km apart. These results support the 2P SPE reserves for that Jurassic section of 107 mmbbls, demonstrate the field extent and provide the basis for application to substantially increase the current Russian Registered Reserves for that section from the current of 15 mmbbls C1 and C2 Reserves to a level concomitant with the current SPE reserves for the same section. Application for registration of these reserves is expected to be made this summer.
Testing will now be made prior to registration of further Russian Reserves and it is currently projected that this field will commence production within the next 18 months with a spur pipeline being constructed to link the field to Imperial’s Maiskoye-Luginetskoye pipeline.
The well Festivalnoye 218 has encountered significant showings of hydrocarbons in the Palaeozoic section with a very high gas cut in the mud. The expulsion of mud was so substantial that for safety reasons it was determined to cement back, run casing and side-track the well into the Palaeozoic using substantially greater mud weight. After this operation is completed, full testing of this highly interesting prospective hydrocarbon reservoir will be carried out. Currently there is only a limited amount of Russian Registered Reserves for this section of the Palaeozoic with 2P SPE Reserves for the section presently standing at approximately 19 mmbbls.
The Festivalnoye Field is already flowing oil through the Maiskoye-Luganetskoye pipeline.
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