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Belarus discovers 8 new oil deposits over past 5 years

The increase in recoverable reserves made up 7.5 million tonnes

Belarus discovers 8 new oil deposits over past 5 years

Minsk, April 12 - Neftegaz.RU. 8 new oil deposits have been discovered in Belarus over the past 5 years, Deputy Director General for Geology at the Belarusian industrial group Belorusneft Piotr Povzhik told a press conference, BelTA has learne

The company's strategic area is to increase oil production.
Piotr Povzhik said:
  • Thanks to the active increase in exploration work over the last 5 years, 8 new oil deposits have been discovered in the southeastern region
  • The increase in recoverable reserves made up 7.5 million tonnes
  • Since 2018, we have achieved 100% compensation of oil production by the increase in recoverable reserves
  • We plan to maintain this trend in the future
  • We have already discovered 3 new deposits in 2021
The new discovery in April is the Guryanovskoye oil deposit located in the central zone of the Pripyat Trough in Gomel Oblast.
Aleksandr Grudinin, Deputy Director for Geological Exploration at the Belarusian Oil Research & Design Institute BelNIPIneft, said:
  • The site features good light oil, which is easier to produce and there is no need to use additional technologies for its extraction
  • Geological services make very cautious forecasts for the debit
Deputy Head for Geology at Rechitsaneft Sergei Shevelenko stated:
  • Fountain flow is expected at the level of 20-30 tonnes per day
  • It is quite an achievement for our region
  • In future with the application of the newest technologies we may expect the oil production of up to 50 tonnes per day
Within the next 2 years Belorusneft is going to drill 12 more prospecting and exploratory wells aimed to discover new deposits.
According to world statistics, on average 3-4 out of 10 exploration wells become productive commercial oil fields.
In Belarus, this percentage is somewhat higher - about 60%.
The company plans to produce a total of 1.73 million tonnes of oil in 2021.

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