State Reserves Commission confirms reserves at Rosneft's Pobeda field at 130 mln tonnes of oil, 499.2 bcm of gas - Donskoi
MOSCOW. Dec 3 (Interfax) - The State Reserves Commission has confirmed Rosneft's reserves at its Pobeda field on the Kara Sea shelf at 130 million tonnes of oil and 499.2 billion cubic meters (bcm) of C1+C2 gas, Natural Resources and Environment Minister Sergei Donskoi told Interfax.
He said the commission met on December 2.
The expert commission accepted the fact of discovery of the Pobeda field and advised FSI RPE Rosgeolfond to register the oil and gas field Pobeda on government accounting, Rosneft said in a press release.
The gas reserves were discovered in the chalk deposits of Cenomanian Age and Apt-Alb Age and the oil reserves were discovered in the Jurassic sediments, Rosneft said.
At the end of September, Rosneft and ExxonMobil completed drilling the world's northernmost Arctic well, Universitetskaya-1, discovering oil in the Vostochno-Prinovozemelsky-1 block in the Kara Sea. The discovery was named Pobeda. Owing to U.S. sanctions against Russia, ExxonMobil was compelled to wind down its operations in Russia, except at the Sakhalin-1 project. Rosneft said it would continue developing the field independently.
The C1+C2 resource in the first trap at Pobeda totals 128.7 million tonnes of oil and 391.9 billion cubic meters (bcm) of gas, according to preliminary estimates. The specific density of oil at the Pobeda field is 808-814 kg/cubic meter, according to Rosneft materials based on drilling mud fluid samples and well core samples at Universitetskaya-1. That compares with 834 kg/cubic meter for Brent crude, 860-872 for Urals, 845-850 for Siberian Light, 802 for Saharan Blend and 820 for White Tiger. The sulfur content in oil at Pobeda is 0.02%, compared with 0.2-1 for Brent, 1.2-1.3 for Urals, 0.57 for Siberian Light, 0.09 for Saharan Blend and 0.02-0.14 for White Tiger.