SPD started drilling horizontal well for Bazhenov field exploration

During the last three years SPD conducted extensive studies to reduce geological uncertainties of developing Bazhenov formation, including drilling of three vertical exploration wells in Upper Salym, 3D seismic, coring and well logging. In addition, SPD conducted extended tests of two wells to assess productive potential of Bazhenov formation. This study helped to reduce geological uncertainties and enabled SPD specialists to define the requirements for surface infrastructure and oil recovery method.

“Together with our ASP EOR project*, Bazhenov development is an important element of our growth strategy. Results of preliminary studies demonstrated that the approach taken by SPD can enable the company develop hard-to-recover resources in an environmentally safe and efficient manner. We hope that the pilot project will allow us and our shareholders to make decision about moving to a large-scale development of Bazhenov formation in the Salym fields”, — said Oleg Karpushin, SPD CEO.