LUKOIL-West Siberia Wins Licenses in Khanty-Mansiysk

December 26, 2012

LUKOIL-West Siberia has won development licenses good for 20 years in a bid round for the Imilorskoye--West Imilorskoye and Istochnoye fields in the Khanty-Mansiysk Autonomous Okrug. The wholly owned LUKOIL subsidiary offered a one-time payment for the subsoil use of RUR 50.8 billion ($1.2 per barrel) of prospected and evaluated reserves, according to Russia's Ministry of Natural Resources.

As of Jan. 1, 2011, oil in place and recoverable oil reserves of C1 and C2 categories was estimated at 855.5 million tons (Imilorskoye) and 193.7 million tons (Istochnoye).

The two fields were discovered in the late 1980s in the Surgutsky Region of the Khanty-Mansiysk Autonomous District, 65 kilometers southwest of Noyabrsk (Yamalo-Nenets Autonomous District). Infrastructure within 29 kilometers of the center of the site includes: the Surgut-Noyabrsk highway with a heavy-duty road surface, a main oil pipeline connecting the Kholmogory and West Surgut pump stations, power transmission lines with a voltage of 500, 220, and 110 kV, and a gas pipeline from the Kholmogory compressor station to the Surgut gas processing plant. A commercial oil pipeline lies 15 kilometers east of the eastern border of the site, and two trunk pipelines, oil and gas, run 55 kilometers to the east of the eastern most border.

In its bid, LUKOIL-West Siberia said it would ship 30 percent of production to the Perm refinery, a LUKOIL Group asset.

Imilorskoye field is located in close proximity to Tevlinsko-Russkinskoye field, LUKOIL's largest field. Geologically, the two fields are close analogues. The area where Imilorskoye field is situated is well fitted out and possesses all the necessary production and transportation infrastructures, which makes it possible to develop it fairly quickly and achieve maximal economic and synergetic effects.

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