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
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
- 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
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.