Venezuela to expand cooperation with Belarus in oil industry

09.10.2017
Courtesy of eng.belta.by

Venezuela intends to expand cooperation with Belarus in oil industry, BelTA learned from Venezuelan Oil Minister Eulogio Del Pino.

The official said: “We have most excellent relations with Belarusian specialists. We recognize their high technological standards. We would like to advance to a new stage of cooperation, a more active and broader one.”

Belarus and Venezuela have cooperated in oil industry for a long time. The Belarusian-Venezuelan oil and gas extraction joint venture Petrolera BeloVenezolana has been working in Venezuela since 2007, with seven oil fields and six gas fields in development.

Since 2009 Petrolera BeloVenezolana has been working with Belorusneft's oil industry research institute BelNIPIneft. Belorusneft's strategic goal in the region is to improve the effectiveness of extraction of oil and natural gas by assimilating new extraction techniques and by wisely selecting production enhancement operations.

The volume of oil the Belarusian-Venezuelan joint venture extracts has dropped in the last few years. Additional investments are required to further develop the joint venture, BelTA learned from Alexander Lyakhov, Director General of the Belarusian industrial group Belorusneft. “If the financial, economic, and technological life of the company is properly tuned, it will have a good future,” believes Alexander Lyakhov.

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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