Lukoil, Gazprom Neft, Tatneft to Explore for Oil in Volga-Urals Region
June 29 2020 - 6:25AM
Dow Jones News
By Adria Calatayud
Tatneft PJSC said Monday that it has established a joint venture
with Russian oil giants Lukoil PJSC and Gazprom Neft for the
exploration and production of hard-to-recover hydrocarbon reserves
in the Volga-Urals region of Russia.
The partners will seek to develop oil reserves in two
blocks--Savitsky and Zhuravlevsky--of the region, oil company
Tatneft said.
Drilling of the first prospecting and appraisal well is
currently coming to an end at the Savitsky block, while a
geological-prospecting program at the Zhuravlevsky license block is
expected to run from 2020 to 2023, Tatneft said.
Pilot development of the Savitsky and Zhuravlevsky blocks is
expected to start in 2024, the company said.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
June 29, 2020 06:10 ET (10:10 GMT)
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