Friday, July 26, 2024
 
 

Gas reserves of Russian field in Yamal raised to 2 trillion cubic metres

- Advertisement -

Russia’s Federal Agency for Mineral Resources approved the expert opinion of the State Reserves Commission with regard to the calculation of hydrocarbon reserves in the Kruzenshternskoye gas and condensate field, Russian gas monopoly Gazprom said on 27 December, adding that the field forms part of the Bovanenkovo production zone, the basis for the development of a major gas production center in the Yamal Peninsula.
As a result of geological exploration carried out by Gazprom, the amount of Kruzenshternskoye’s recoverable gas reserves in the С1+С2 commercial categories was increased by 360 billion cubic metres. Therefore, the field’s total gas reserves went up by 22 per cent from 1.64 trillion to 2 trillion cubic metres, Gazprom said.
According to the Russian gas monopoly, the Kruzenshternskoye field is unique in terms of the amount of its hydrocarbon reserves. It is located to the west of the Bovanenkovskoye field, partly onshore in the Yamal Peninsula but mostly in the waters of the Kara Sea.
In order to collect more precise data about the reserves of the Kruzenshternskoye field, Gazprom said the company built a hi-tech directional exploration well from the coast of Sharapov Shar Bay. The well is 4.9 kilometres long, including a 3.9-kilometre seaward deviation. When constructing the sophisticated structures of the well, Gazprom used cutting-edge drilling technologies and solutions in the field of geophysical research.
In addition, Gazprom said the company won the auction for the right to use subsoil reserves with the purposes of geological prospecting, hydrocarbon exploration and production within the Sopochny block in Tazovsky District, Yamal-Nenets Autonomous Area. As estimated by the Company, the block’s resource potential exceeds 500 million tonnes of fuel equivalent.

- Advertisement -

Subscribe to our newsletter

Co-founder / Director of Energy & Climate Policy and Security at NE Global Media

Latest

U.S. Targets ISIS Facilitation Network across Africa

On July 23, the U.S. Government announced new sanctions...

Americans deserve far more than a coronation

After the NATO Summit in Washington on July 9-11,...

EU Parliament begins its 10th mandate

The European Parliament was officially constituted on July 16,...

Policies on Deforestation Show Europe’s Internal Splits

Former U.S. Secretary of State Henry Kissinger once famously...

Don't miss

U.S. Targets ISIS Facilitation Network across Africa

On July 23, the U.S. Government announced new sanctions...

Americans deserve far more than a coronation

After the NATO Summit in Washington on July 9-11,...

EU Parliament begins its 10th mandate

The European Parliament was officially constituted on July 16,...

Policies on Deforestation Show Europe’s Internal Splits

Former U.S. Secretary of State Henry Kissinger once famously...

NATO Summit: “Trump-proofing” Ukraine support while Biden appearances under a microscope

The July 9-11 NATO Summit was originally envisioned as...

Russia failing to replace lucrative European gas deliveries with sales to China

Russia’s attempts to build the Power of Siberia 2 (PS-2) natural gas pipeline to China appear to be stalling despite repeated statements from Moscow...

Uzbekistan: A Key Player in the (Central Asian) Great Game

Uzbekistan has had considerable success in attracting billions of dollars of aid, concessional debt, and co-investment, which has helped transform the economy since 2017....

EU strengthens energy cooperation with Chile, Argentina

This week EU Energy Commissioner Kadri Simson visited Chile and Argentina to step up cooperation with these two countries in the energy field, with...

Jeffrey Sachs: three times a traitor

An economist with an international reputation, Professor Jeffrey Sachs has increasingly raised his profile in the world media. A U.S. citizen, he accuses his...

Japan, the Republic of Korea (ROK), and the U.S. condemn DPRK-Russia Cooperation

During his June 19-20 visit to Pyongyang, Russian President Vladimir Putin and North Korean leader Kim Jong Un signed a comprehensive strategic partnership treaty...

European election results show EU is at an inflection point

A few days after the European Parliament elections, Marilena Raouna, Cyprus’ Deputy Minister for European Affairs, sat down with NE Global on the sidelines...

G7 Summit focuses on Ukraine support and shattering Russia’s wartime economy

Despite last week’s expert punditry (itself almost indistinguishable from AI) on the latest G7 decisions as exhibited by the “instant experts” on global issues...

Berlin Ukraine Recovery Conference

Although partially overshadowed by urgent Ukrainian requests for emergency help with its immediate air defense needs, as well as political shockwaves emanating from the...