Compared to West Siberia, Russia’s traditional oil production region, operators in East Siberia, which hasn’t been that well explored, have a harder time producing under complex geological conditions.
Max Petroleum Plc has reported that the combined results of the Sagiz SAGW-4 well and the latest 3D seismic survey results confirm productive reservoirs in a central fault block with estimated original oil in place (“OOIP”) in a range between 35 and 48 million barrels of