6 Jun 2019 16:39

Gazprom Neft concluding talks with Chinese company on latter's joining Chonsky project - Kozak

ST. PETERSBURG. June 6 (Interfax) - Gazprom Neft is concluding talks with a Chinese company on the latter's joining the Chonsky project, Deputy Prime Minister Dmitry Kozak said at the opening of the second Russian-Chinese Energy Business Forum.

He did not give the name of the company.

It was reported earlier that Gazprom Neft was discussing including China's ZPEC in the project.

Gazprom Neft had also said that it was in talks with potential partners on the project, including Asian companies.

The company expects to achieve peak production of 5.35 million tonnes of oil a year at the Chonsky group in 2030. Production is slated to begin in 2024 and amount to 0.03 million tonnes, rising to 1.37 million tonnes in 2025, 2.52 million tonnes in 2026, 3.31 million tonnes in 2027, 4.3 million tonnes in 2028, and 5.17 million tonnes in 2029.

The project's three fields - Ignyalinsky, Tympuchikansky, and Vakunaisky - are 80 km from the Eastern Siberia-Pacific Ocean (ESPO) pipeline. Gazprom Neft began test production at Tympuchikansky in 2013 and test production at Ignyalinsky in June 2016. Their combined C1+C2 reserves are 212.5 million tonnes oil and 278.3 billion cubic meters (bcm) gas.