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Rosneft signed a pact with Statoil for joint development of the North-Komsomolskoye field

Rosneft and Statoil signed the shareholders and operating agreement at the Eastern Economic Forum.

Rosneft signed a pact with Statoil for joint development of the North-Komsomolskoye field


Rosneft and Statoil on September 7, 2017, signed the shareholders and operating agreement at the Eastern Economic Forum. The document is signed with regards to SevKomNeftegaz, an enterprise that will serve as a basis for a future North-Komsomolskoye joint field development.

The document was signed in elaboration of agreements on the cooperation within the North-Komsomolskoye Field reached by Rosneft and Statoil in 2013.

Statoil is planning to acquire 33,3% in SevKomNeftegaz. The agreement also approves the principles of the asset management at the development stage.

The Parties emphasized successful implementation of the pilot project on drilling and testing 2 wells for high-viscous oil production from the PK1 formation of the North-Komsomolskoye: due to the works carried out in 2015-2016, 2P oil and condensate reserves (PRMS) of the field increased from 52 to 111 million tons.

Development of the field will give Rosneft an opportunity to involve new reserves of high-viscous oil into production and realize exploration potential of the license block as well as facilitate the replenishment of the resources base and maintain the oil production level in the Yamal-Nenets Autonomous District.

The North-Komsomolskoye Field is located onshore within the Pur and Nadym Municipalities of the Yamalo-Nenets Autonomous District.

The License Block area is 1368.91 km2. As of 01.01.2017 the remaining recoverable oil and condensate reserves (АВ1В2) amount to 203 mln.t, gas reserves – 179 bcm.

To read the news in Russian.


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