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.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...