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07.04.2006 Oil Field Discovery

Oil Field Discovery  

LUKOIL-Perm, the operator of Russian projects of LUKOIL Overseas, has discovered the Sharonovskoe oil field.
The field is located in Oktyabrsky and Chernushinsky districts in the south of Perm Region. The field is confined to the Novo-Kamyshlovskaya structure on which seismic was acquired in 2002.
An exploration well drilled to the depth of 1,800 meters flowed commercial oil.  Oil has been discovered in Verean, Lower and Mid Visean, and Upper Devonian-Tournaisian stages. Category C1 recoverable reserves of the field are estimated at 731,000 tons, with category C2 reserves estimated at 71,000 tons.
The plan is to put the field on line in 2009. Peal production of 20,000 tons of oil is planned to be achieved in 2012.