ТNК-ВР Starts Development Drilling in Orenburg Region’s Morgunovskoe Field

ТNК-ВР will be implementing a pilot production project in the Morgunovskoe field for three years – till 2015. Now the field, which was discovered in 2010, has eight exploration wells. Maximum production is 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 annual production of approximately 650 ths tons.

“Development of new fields in the Orenburg region is an important part of the company general strategy. Putting new areas on stream and improving production performance at mature fields will allow achieving stable production in the region in the long term,” said Igor Rustamov, General Director, OJSC Orenburgneft.

The field’s total reserves as of January 2012 amount to 12,846 ths tons – category АВС1, 2,561 ths tons – category С2, and 866 ths tons – category С3.