Yuzhno-Russkoye field

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Not to be confused with Russkoye field.
Yuzhno-Russkoye field
Yuzhno-Russkoye field is located in Russia
Yuzhno-Russkoye field
Location of Yuzhno-Russkoye field
Country Russia
Region Krasnoselkupsky District, Yamalo-Nenets Autonomous Okrug, Tyumen Oblast
Offshore/onshore onshore
Coordinates 67°16′50″N 75°52′00″E / 67.28056°N 75.86667°E / 67.28056; 75.86667Coordinates: 67°16′50″N 75°52′00″E / 67.28056°N 75.86667°E / 67.28056; 75.86667
Operator Severneftegazprom
Partners Gazprom
Wintershall
Field history
Discovery 1969
Start of production 2007
Production
Estimated oil in place 5.7 million tonnes
(~ 2.3×10^6 m3 or 14 MMbbl)
Estimated gas in place 805.3×10^9 m3 (28.44×10^12 cu ft)

The Yuzhno-Russkoye field is a Russian oil and gas field located in the Krasnoselkupsky District, Yamal-Nenets Autonomous Okrug, Tyumen Oblast.

History[edit]

The Yuzhno-Russkoye field was discovered in 1969.[1] Preparation for the development of the field started in 1997. American oil company Moncrief Oil International claims that in 1997, Gazprom's subsidiary Zapsibgazprom and Moncrief signed a contract according to which Moncrief acquired 40% of stake in the field, a claim that Gazprom does not recognize. According to the contract Severneftegazprom was established as operating company. In the following years control over Severneftegazprom was gained by Itera and later regained by Gazprom.[2] In 2004, Gazprom started negotiations with BASF and E.ON over development the Yuzhno-Russkoye field. The inauguration ceremony launching work on the field was held on 18 December 2007.[3]

Technical features[edit]

The gas field lies about one kilometer below the surface.[1] The proven gas reserves of Yuzhno-Russkoye are 805.3 bcm (billion cubic meters) and estimated reserves are more than 1000 bcm of natural gas. The proven oil reserves are 5.7 million tons.[4] The planned capacity of Yuzhno-Russkoye field is about 25 bcm of gas per year. Currently there are 26 gas wells in operation producing 15 million cubic meters of natural gas per day. It is designated to become the main natural gas supply for the Nord Stream pipeline.[5][6][7]

Operating company[edit]

The licence for the Yuzhno-Russkoye field is owned by Severneftegazprom, the subsidiary of Russian gas company Gazprom. German energy company Wintershall, a subsidiary of BASF, owns 35% minus one share (25% of voting shares minus one share) in Severneftegazprom. According to agreements between Gazprom and German company E.ON, E.ON Ruhrgas will get a 25% share of Severneftegazprom minus one share.

References[edit]

  1. ^ a b "Gazprom Launches Production at Yuzhno Russkoye Gas Field". Ridzone. 2007-12-18. Retrieved 2007-12-19. 
  2. ^ "Moncrief's history with the Yuzhno-Russkoye gas field in Russia". Moncrief Oil International. Retrieved 2007-12-19. 
  3. ^ "Work begins on Russian giant". Upstream Online (NHST Media Group). 2007-12-18. Retrieved 2007-12-19. 
  4. ^ "Gazprom Starts Operation of the Yuzhno-Russkoye Field". Ridzone. 2007-10-26. Retrieved 2007-11-10. 
  5. ^ Philippa Runner (2009-01-21). "Nord Stream to pump EU gas by 2011, Russia says". EUobserver. Retrieved 2009-10-10. 
  6. ^ Elena Zhuk (January 2008). "Gazprom and BASF Start Joint Production at Yuzhno-Russkoye Gas Field". Oil & Gas Eurasia (Eurasia Press, Inc.). Retrieved 2009-10-10. 
  7. ^ "Gas for Europe". Nord Stream AG. Retrieved 2009-10-10. 

External links[edit]