Vankorneft

Vankorneft develops a major Vankor field. The Vankor oil & gas field is the biggest field to have been discovered and brought into production in Russia in the last 25 years. It is located in the northern part of Eastern Siberia, in Turukhansky District of Krasnoyarsk Territory, 142 km from the town of Igarka. The area of the field is 447 square km.

Commercial production at the Vankor field began in July 2009. So 2010 was the first full calendar year of production at the field. Output in 2010 was 92.9 mln barrels of crude oil, which is 3.5 times more than in 2009.

Intensive work continued during 2010 on drilling over and field construction at Vankor. Production drilling in 2010 was 301 th. meters and 71 new production wells were completed and brought into operation. There were 124 production wells in operation by the end of the year, and 19 well pads had been completed. Average daily flow per well was 2,606 barrels, but the level was artificially constrained due to the limited capacity of existing oil treatment units. Work continued during the year on construction of main field installations, the most important of which is the central oil treatment facility. Completion of this unit will enable achievement of target production levels at the field.

Oil from Vankor is delivered to export. In 2010 a total of 39.3 mln barrels was delivered in a western direction and 50.2 mln barrels was delivered via the East Siberia – Pacific Ocean pipeline.

Vankorneft reserves (PRMS, DeGolyer & MacNaughton, as of December 31, 2010)

Vankorneft operating highlights

Contact Information

Full name: CJSC Vankorneft

General Director: Aleksander Skobelev

Address: 19 Prospekt Mira, Krasnoyarsk 660049, Russia

Tel: +7 (391) 274-56-44
Fax: +7 (391) 274-56-45

E-mail: info@vankoroil.ru