Lukoil, Bashneft JV begins exploration drilling on Yuzhno-Visovaya prospect

Vostok NAO, a 50-50 joint venture of PJSC Lukoil and PJSOC Bashneft, has begun drilling exploration well No. 1 on the Yuzhno-Visovaya prospect on the Severo-Yareyyaginsky block of the Nenets Autonomous District. The target depth of the well is 4,000 m.

A 3D seismic survey covering 103 sq km was acquired earlier on the block. The resource potential of the Yuzhno-Visovaya prospect is concentrated in Devonian deposits.

One more exploration well is expected to be drilled in 2016 in the Yangareysky license block within the Korotaikhinskaya depression of the Nenets Autonomous District. Lukoil says these activities are being carried out in accordance with a long-term program that includes seismic acquisition, exploration drilling, and geological studies.

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