Exploration confirms announced indicators of Vostok Oil project - minister

VLADIVOSTOK. Sept 4 (Interfax) - Geological exploration at Rosneft's Vostok Oil project in Krasnoyarsk Territory does not show any deviations from announced indicators for the huge project, Natural Resources Minister Alexander Kozlov said in an interview with Interfax at the Eastern Economic Forum.

"The potential development of northern Krasnoyarsk Territory directly depends on such an ambitious project as Vostok Oil. Today the estimate for the overall reserves of the project exceeds 6 billion tonnes of light, sweet oil. According to the results of geological exploration work at the project, there is no deviation from the previously announced indicators. There are plans to put the first two fields of the project, Paiyakhskoye and Ichemminskoye, into commercial development in the near future," Kozlov said when asked if the huge resources previously announced in the northern part of the region are being confirmed by drilling.

He also recalled that drilling of the Novoyakimovskaya parametric well located 400 km east of the Pyaiyakhskoye field was completed in 2023 as part of regional work financed by the federal budget.

"Productive Achimov suite formations similar to the deposits of the Pyaiyakhskoye field were discovered. This makes it possible to significantly increase the prospects of this region. Prospective targets in the completion string are now being tested," Kozlov said.