21 Aug 2009 18:53

Rosneft commences industrial production of oil at Vankor

MOSCOW. Aug 21 (Interfax) - OJSC Rosneft has commenced industrial production of oil at the Vankor gas and oil field in the Krasnoyarsk Territory, the company said in a statement.

Oil production at the field currently comes to 18,000 tonnes a day but will be increased to 30,000 tonnes. Around 3 million tonnes will be extracted at Vankor this year. Peak production is forecast at 25.5 million tonnes of oil a year. The field's reserves are put at 520 million tonnes of oil and 95 billion cubic meters of gas.

Transport of oil from the field is implemented through the Vankor-Purpe (Yamal-Nenets Autonomous District) line, which runs 557 kilometers and connects to Transneft's system.

The Vankor field will produce oil that will go through the Eastern Siberia-Pacific Ocean pipeline. The field is also a source of materials for petrochemical production at the Primorsk refinery.

An oil preparation facility has been constructed at the field, which can produce 7 million tonnes a year. Vankor also has a gas turbine electricity station, which will have a capacity of 200 megawatts and a receiving terminal able to handle 140,000 cubic meters.

At an oil price of $60 a barrel, total tax payments for the field of the field's use will come to 4.5 trillion rubles.

Present at a ceremony for the field's launch were Russian Prime Minister Vladimir Putin, the Presidential Envoy to the Siberian Federal District Anatoly Kvashnin, Energy Minister Sergei Shmatko, the Governor of Krasnoyarsk Territory Alexander Khloponin and Rosneft President Sergei Bogdanchikov.

An Interfax correspondent at the site said that, prior to the ceremony, Putin visited well pad no. 4. At this area, nine wells have already been drilled with an additional five to appear in the future.

Vankor will feature 36 well pads. Forecast annual production per pad will come to 707,000 tonnes of oil. Putin observed the technology, which is been applied for exploration and drilling at Vankor. He also commented on the field's well pumping system.

He said that two goals at Vankor are being pursued: the most efficient use of resources and fully meeting the facility's design concept.

The Vankor field is located in the northeastern part of the Western Siberia oil and gas province in Russia's Krasnoyarsk territory. The field was opened in 1988. Rosneft received the license for the field in 2003.