Belorusneft to step up operation in India

19.09.2017
Courtesy of eng.belta.by

The Belarusian industrial group Belorusneft intends to take part in another project to increase oil recovery in India, BelTA learned from Chairman of the Belarusian state petrochemical concern Belneftekhim Igor Lyashenko.

The Belneftekhim head reminded that Belorusneft has recently successfully completed the first joint project to increase oil recovery from the Digboi field in the north of the State of Assam. Belorusneft grabbed the opportunity of working with one of India's largest state companies. Now Belorusneft is taking part in the next contract on increasing reservoir performance together with the company Oil India Limited.

As far as trade in petrochemical products made by Belarusian companies is concerned, the volume is close to $20 million. “The figure could have been higher but the Indian market is traditionally protected by large import duties. This is why we sell economically expedient volumes,” noted Igor Lyashenko.

According to the Belorusneft website, the company intends to step up its operation in India in the future by offering reservoir performance enhancement services, seismic survey services, and other oil industry services together with the Indian state oil companies Oil India Limited, Oil and Natural Gas Corporation Limited (ONGC), and other interested parties.

The Belarusian industrial group Belorusneft was founded in 1966. The company specializes in the surveying, prospecting and development of oil fields, well drilling, oil and associated petroleum gas extraction in Belarus and a number of other countries, including Russia, Ukraine, Venezuela, and Ecuador.

The oil company Yangpur, which is a branch of the Belarusian industrial group Belorusneft, is testing the production of a new oil-and-gas field in Western Siberia, Russia, BelTA has learned. Well No.828 in the Metelnoye hydrocarbon deposit was drilled in 2015. It is 3,730 meters deep. A test of one of its strata resulted in a strong inflow of natural gas and gas condensate. Comprehensive preparations have been done after that, including a junction point, the well site. A pipeline was built to connect the site with the central gas pipeline of the Metelnoye hydrocarbon deposit. A gas metering node was built as well. The deposit's gas pipeline was then connected to the gas collection system of OOO Gazprom Dobycha Noyabrsk in order to start selling natural gas right away. Gas is sold via the Saint-Petersburg International Mercantile Exchange (SPIMEX). Specialists believe that the new asset will produce a considerable increase in the commercial reserves of hydrocarbons. There are plans to drill wells No.813s2 and 829 soon. The Metelnoye hydrocarbon deposit will allow the company to double the extraction of natural gas and gas condensate. Every day Yangpur extracts 450 tonnes of oil with condensate as well as 530,000m2 of natural gas and associated gas. Apart from that, there are plans to drill six exploration wells by 2023 to increase the recoverable oil reserves by 2.5 million tonnes. According to geological exploration data, Yangpur has enough hydrocarbon resources for 24 years of operation. The main task of Belorusneft's northern asset in 2017 is to increase the extraction of oil up to 150,000 tonnes. The figure will be the highest on record since the company was acquired by Belorusneft. The Belarusian industrial group Belorusneft acquired Russian OAO Oil Company Yangpur via an auction in September 2013. Back then the company had three oil deposits and one gas condensate deposit and a total of 44 wells. Yangpur's acquisition was part of the program to expand Belorusneft's operation in Russia. The Belarusian industrial group Belorusneft was founded in 1966. The company specializes in the surveying, prospecting and development of oil fields, well drilling, oil and associated petroleum gas extraction in Belarus and a number of other countries, including Russia, Ukraine, Venezuela, and Ecuador.
Read full text at: http://eng.belta.by/economics/view/belorusneft-testing-production-of-new-oil-and-gas-field-in-western-siberia-104700-2017/
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Source: eng.belta.by

 

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