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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
Gazprom Neft establishes joint venture with Repsol
Gazprom Neft has acquired a 25.02% stake (with the right to increase this to 50%) in Evrotek-Yugra, owned by Repsol of Spain, which holds exploration and production rights to seven licence blocks in the Khanty-Mansiysk Autonomous Okrug.
Seismic investigations have been undertaken at all license blocks belonging to EvrotekYugra, with nine exploration wells drilled between 2013 and 2016. The Ouryinskoye field – with recoverable (C1+C2) reserves put at 33.8mn tonnes of oil – was discovered at the Karabashsky 1 and Karabashsky 2 fields in 2013. A final investment decision (FID) on development of the Ouryinskoye field will be taken at the end of 2019, following completion of the geological prospecting programme.News Item details
Journal title: Petroleum Review
Countries: Russia -
Subjects: Oil markets, Crude oil, Oil, Exploration and production, Oil reserves
