Gazprom Neft discovers oil field in northern Russia

PJSC Gazprom Neft said three exploratory wells found six “independent oil deposits” in the Zapadno-Chatylkinsky license block in the Yamalo-Nenets autonomous okrug in northern Russia.

Commercial development is planned for 2018.

The company said total geological reserves confirmed by the State Commission on Mineral Reserves are estimated at more than 40 million tonnes. It cited the Jurassic Sigovsky formation and depths of 2.5-3 km.

Gazprom Neft acquired the license for developing the block in 2012.

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