Scandoil  

Rosneft BOD approves business plan for Kharampur field development


Published Nov 28, 2013
Rosneft

Rosneft Board of Directors has approved a document titled “The integrated project for the development of gas reserves (Cenomanian PK 1 and Turonian layers) of the Kharampur field.”

The development of the Kharampur gas field is an important step forward in implementation of the company’s Gas Strategy in a bid to raise the value of its gas business. The gas to be produced at Kharampur will be one of the key sources of supplies under the long-term contracts by Rosneft.

Phase 1 of the project envisages the production of more than 190 billion cubic meters of natural gas from the reserves of the Kharampur field. The production is set to kick off in 2017. The main Phase 1 target is the Cenomanian layer, which production is characterized by a high rate and low extraction costs. The plan is to produce up to 8 billion cubic meters of gas a year. Another 1 billion cubic meters will be produced from the Turonian layer, which is subject to significant MET cuts. The potential for an increase in the production at the field is associated with the full-scale development of the Turonian reserves.

Tags: Rosneft




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml