Vankorneft

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.

Recoverable reserves (ABC1 and C2 under Russian classification) are estimated at over 3.8 bln barrels (524 mln tonnes). PRMS reserves (proved, probable and possible) were 3.6 bln barrels (508 mln tonnes) as of December 31, 2009. The target for annual production at the field is 510 th. barrels per day, or 25.5 mln tonnes of oil per year (about 5% of total Russian oil production). Oil from Vankor is one of the main inputs to the Eastern Siberia – Pacific Ocean pipeline.

Development of the field is Rosneft’s largest project and is among the largest projects in Russia today. Total capital expenditures for development of the field in 2005–2009 were USD 6.5 bln.

The official ceremony for field launch was held on August 21, 2009.

A total of 142 wells had been drilled at Vankor by the end of 2009 (including 119 production and injection wells). Construction work completed at the field included 1,685 infrastructure facilities, 148 km of field pipe work, 60 km of gas pipe work, 120 km of roads, storage facilities, a mini-refinery and several up-to-date shift camps.

Vankorneft’s reserves (PRMS, DeGolyer & MacNaughton, as of December 31, 2009)

Proved hydrocarbon reserves, mln boe	1,771
Proved oil reserves, mln barrels	1,381
Proved gas reserves, bcm	66.3

Probable hydrocarbon reserves, mln boe	1,914
Probable oil reserves, mln barrels	1,473
Probable gas reserves, bcm	74.9

Possible hydrocarbon reserves, mln boe	8.77
Possible oil reserves, mln barrels	741
Possible gas reserves, bcm	23.1

Vankorneft’s operating highlights

	2004	2005	2006	2007	2008	2009
Exploration drilling, thousand m	8.6	17.0	10.9	8.9	4.1	2.9
2D seismic, linear km	0	400	350	0	0	0
3D seismic, square km	170	200	0	0	0	0
Production drilling, thousand m			18	78	142	277