Rosneft to develop Kharampur field in Russia

Oil and gas company Rosneft is to develop the Kharampur gas field in the Purovsky district, Yamal-Nenets, Russia.

The company aims to develop gas reserves in the Cenomanian PK 1 and Turonian layers of Kharampur.

The gas to be produced at the field will be one of the key sources of supplies under the company’s long-term contracts.

More than 190 billion cubic metres of natural gas is expected to be produced from the Kharampur field reserves from 2017, as part of the project’s first phase.

The main target during the phase is the Cenomanian layer. Its production is characterised by a high flow rate and low extraction costs.

Rosneft plans to invest approximately RUR1bn ($30m) by the end of 2014 into exploration for the project. It will conduct pilot works at the hard-to-recover Turnonian layer to select the optimal well design and the most efficient technology for operation.

Rosneft will decide on the project’s second phase in 2018. It expects production of around 24 billion cubic metres of gas annually.

The company has been pursuing a programme in a bid to increase its gas output and currently hopes to reach production levels of 100 billion cubic metres of natural gas a year by 2020.

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Image: Headquarters of Rosneft in Moscow. Photo: courtesy of Rosneft.