TNK-ВP and Schlumberger to Implement a Joint Pilot Project to Develop Hard-to-Recover Oil in the West Siberia

The new format of cooperation serves to enhance the field production efficiency by increasing production per well and formulating the optimal asset development scenario involving the technology of multistage fracturing in horizontal wells.

The companies agreed to jointly prepare and implement a comprehensive production program for the hard-to-recover reserves development. The program will be based on the understanding of the project’s cost efficiency at each of the development stages with a target to increase the oil recovery factor.

Under the terms of the contract, Schlumberger will coordinate all operations and provide the entire range of oilfield services within the framework of the project, apart from directional drilling. The contract includes a provision on the correlation between the contractor’s remuneration and production efficiency.

“Developing hard-to-recover reserves is cost efficient only subject to use of advanced technologies and an integrated approach to the development of the entire asset. Our pilot project with Schlumberger in the Severo-Khokhryakovskoe field is a new interaction system for the company under which an oilfield services contractor not only provides the entire range of high-tech services and unique solutions controlling the whole suite of operations but is also economically engaged in getting the best result due to the KPI system,” said Mikhail Slobodin, TNK-BP Executive Vice President, Strategy and New Business Development.