New oil discovery in Irkutsk Oblast

As reported in Rosneft’ press release published on the corporate web site on 20 August 2013, a new oil and gas play was discovered on Mogdinsky license block located in the northern part of Irkutsk Oblast 160km north of ESPO.

According to the release the exploration well Mogdinsky-10 produced free-flowing gas condensate at the rate of 425 K m3/day and oil – 90m3/day in the course of testing Lower Ustkut horizon.

The well location was selected based on the fundamentally new geological model created by Rosneft’s subsidiary  RN Exploration LLC, which enabled Rosneft to tap a hydrocarbon deposit that was not encountered before.

The play’s reserves are estimated at over 4 mln. tonnes of oil and 2 bln. m3 of condensate.

Another discovery from the same horizon was made on Danilovo block where well No. 73 produced free-flowing oil at 165m3/day during the well test, which proves soundness of the new 3D seismic data-based geological model.

Original article at http://www.rosneft.ru/news/news_in_press/20082013.html

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