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Venezuela, Gazprom partnered with other Russian frms (Lukoil, Rosneft, and TNK-BP) on the Junin-6 project, in the Orinoco River basin, which may have 50 billion bbl of oil in place with

Russia sets 10 billion bbl recoverable. Production

Offshore Russia has begun, with two wells already drilled. amBitious targets

Vakulenko also discussed Gazprom’s role in Arctic exploration, saying that

With boundless resources, Russia’s recent he expects drilling to begin on the marketing campaigns aim to demonstrate that

Prirazlomnoye feld by this month. the country can handle major production

Gazprom plans to drill 40 slanted efforts from natural gas, oil and LNG fuels.

wells at the feld, which is located on

By Audrey Leon the Pechora Sea in 19-20m of water. to deploy technologies that are more ussia’s campaign to sell its en- The company estimates the feld holds commonly used for unconventional oil and gas production to help unlock ergy wares throughout the Asia up to 72 million tons of reserves in

Pacifc region continued at sev- place, which will enable produc-

Russia’s conventional resources, by

R extending the life of mature felds and eral US energy conferences this spring: tion of 6.6MTPA. Prirazlomnoye was

IHS CERA-sWeek (March) and LNG 17 discovered in 1989. Gazprom expects allowing access to stranded and tight oil (April). Russia reiterated that it can to produce 460,000 bbls from the feld formations. curb production declines and ramp up One such technology, ASP Flood, between 2014 and 2020. exploration efforts in key areas such as which Gazprom developed with Shell, Drilling is expected to begin soon

West Siberia and the Arctic. involves a surfactant food of chemi- at the Dolginskoye feld, similarly

At IHS CERAWeek, representatives cals (usually baking soda or dish- located in the Pechora Sea. Currently from Gazprom, Lukoil, and TNK-BP washing liquids) to increase recovery there are two appraisal wells planned joined Fergus MacLeod of BP and by a factor of two, Vakulenko says. between 2013 and 2014. Vakulenko

Thane Gustafson of IHS for a panel Gazprom expects to implement this in says Gazprom will begin building pro- discussion on advancing tight oil West Siberian felds by 2017-2018. duction facilities in 2015, with frst oil and Arctic energy. “We believe these new technolo- from the feld expected by 2021.

Gazprom Neft’s Head of Strategy gies will be main driver of improving Lukoil’s Andrei Gaidamaka says he

Sergey Vakulenko outlined the com- effciencies of existing assets and mak- is glad technological developments pany’s ambitious plan to double pro- ing new felds production possible,” are improving in the Russian industry, duction from 1MMboe to 2MMboe by Vakulenko says. which could help the country’s energy 2020, with technological advances and In terms of international expansion, companies explore tight oil in Siberia international expansion. Gazprom bought stakes in Venezuelan, and in the Arctic offshore regions.

Iraqi, and Kurdistan-based projects. In Boris Zilbermints, senior vice Vakulenko says Gazprom plans

Russian tugboats tow the

Prirazlomnaya platform 450 miles from Severodvinsk to Murmansk.

Photo: Gazprom

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