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Russia’s key oil and gas projects, part 2

In the second part of our Russian oil and gas project study, we look at some other key projects happening around the country.
    

Vankor Oil Field


Vankor Oil Field, a vital project for Rosneft, is the largest oil and gas field put into operation in Russia in the last quarter of a century. Officially launched in 2009, production currently stands at 442,000 barrels a day. Proven reserves sit at 1.5 billion barrels of oil, alongside 95 billion cubic metres of natural gas.

It is a key part of Siberia's production capability. The field has played a key role in the recent growth in production from existing Russian fields, producing around 22 million tonnes in 2016 - helping Russia hit record oil production in 2016. 

The development is set to grow significantly thanks to an influx of funds from an Indian consortium. Oil India Ltd., Indian Oil Corp. and Bharat Petro Resources have acquired a 24% stake in Vankor, at an estimated cost of $2.02 billion – the biggest overseas acquisition by an Indian company in recent memory.


Trebs and Titov oil fields


The newly-exploited Trebs and Titov oil fields are some of the most promising oil projects in Russia. Located in the far northern Yamalo-Nenets autonomous region and operated by Bashneft, the two fields made a strong contribution to Russian oil production in 2015.

Production is set to gradually increase in the coming years, hitting peak flow of 4.8 million tonnes per year by 2020 - the level in 2015 was 1.4 million tonnes. As of the end of 2015, 51 exploratory wells were in operation on the two fields, along with 136km of pipeline installation - including a 40km pipeline linking the two fields.

As production from Russia's mainstay fields in West Siberia starts to decline, the output from newly-developed fields in the north like Trebs and Titov will play a key role in maintaining the country's output over the rest of the decade.


Novoportovskoye field


The Novoportovskoye field - which produced its millionth tonne of oil in June 2016 - is another of the enormous Yamal Peninsula fields that forms the backbone of greenfield Russian oil production.

Novoportovskoe was first discovered back in 1964, but drilling had to wait 48 years before the required infrastructure could be built to access the remote field. This work is still ongoing, with an offshore loading terminal completed in 2015 to ship the oil round the Arctic by sea via Cape Kamenny.

The first crude from the field was loaded into a tanker in May 2016, and production is slated to rise to 120,000 barrels per day by 2018, or 6.3 million tonnes. Along with other Yamal-based fields like Trebs and Titov and Prirazlomnoye, this field was a big contributor to Russia's 2.4 million-tonne increase in oil production in 2015.
The field is another of Russia's arctic acreages that produces its own grade of crude - Novy Port, a low-sulphur offering that Gazprom Neft, the field's operastors, aims to market to refineries in northwest Europe.


Prirazlomnoye field


The Prirazlomnoye field is Russia's big hitter in the Arctic - the only production project on its Arctic shelf. Discovered in 1999, production finally began at the field in 2013, with output levels hitting 40,000 barrels per day in 2016.

Production is centred on a bespoke ice-resistant platform, which houses the wellheads of all wells drilled at Prirazlomnoye, as well as storage, transportation and drilling facilities. The platform produces a unique blend of oil, ARCO, which is heavier than most of Russia's export production and as such is used extensively in areas like road building and manufacturing.

As an Arctic development, sanctions have limited the extent to which the field can adopt further technology, but plans for the field are ambitious. Officials are targeting a 24% production increase in 2017, but this will be a challenge - Gazprom announced in December 2016 that production at Prirazlomnoye would stop completely for 90 days for planned maintenance.

In January 2017, two new production wells were completed at Prirazlomnoye, bringing the total to six.


Vladimir Filanovsky field


Finally, while Russia's Caspian interests mainly centre on transportation of other countries' resources, the end of 2016 brought a boost to its own production in the Sea. Lukoil began commercial production at the Vladimir Filanovskiy field (also known as Filanovskoye) in the north Caspian in early November 2016, with two wells producing around 45,000 barrels per day. 

Production is expected to increase in the coming years, with further development underway at the field including construction of ice-resistant production facilities. Discovered in 2005, the field has proven reserves of 290 million barrels.


Explore these projects, and many more in Russia, in the Interactive Map of Russia’s oil and gas projects – click here to see it.

Key oil and gas projects in Russia, part 1


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MIOGE 2018

18-21 June, 2018
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MOSCOW, RUSSIA
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