Asset Report
Russia West Siberia (South Kara/Yamal) exploration basin
Report summary
Russia’s West Siberia (South Kara/Yamal) Basin is located within the Arctic Circle and is thought to be gas-prone. Exploration, started in the 1960s, have mostly focused on Cretaceous reservoirs in the onshore area of the basin. In recent years, more wells have also been drilled offshore, in the shallow waters of the South Kara Sea. Multiple recent giant gas discoveries in the shelf and Gulf of Ob shelf area, including NOVATEK’s North Obskoye (2018), Gazprom’s Dinkov (2018), plus Rosneft’s Marshal Zhukov and Marshal Rokossovski (2020) placed the basin to top the global list by discovered resources in 2016-2020. EU/US sanctions in place since 2014 have impacted IOCs’ participation. Exploration in the basin is carried out by Russian companies, and is more about long-term supply rather than fast commercialisation. This analysis looks at the exploration potential in the Cretaceous Onshore, the Mesozoic Shelf and the Gulf of Ob Shelf plays.
Table of contents
-
Summary of commercial outlook
- Advantages:
- Challenges:
- Wells drilled
- Discovered resources
- Licensing
- Company activity
-
Prospective resources by play
- Mesozoic Shelf - Gas
- Gulf of Ob Shelf
- Prospective resource costs and underlying development assumptions
- Development value
- Prospect economics - Cretaceous Onshore
- Prospect economics - Mesozoic Shelf - Gas
- Prospect economics - Gulf of Ob Shelf
- Full-cycle basin economics
- Licensing
- Fiscal terms
Tables and charts
This report includes 29 images and tables including:
- Exploration history map
- Drilling activity by well type
- Discoveries and success rates
- Top 10 discoveries
- Current acreage holders
- Creaming curve
- Prospective resource summary
- Cretaceous Onshore
- Mesozoic Shelf - gas
- Gulf of Ob Shelf
- Summary of discovery and development costs
- Unit value of potential discoveries
- Breakeven price of exploration
- Cretaceous Onshore
- Unit value of potential discoveries
- Breakeven price of exploration
- Mesozoic Shelf - Gas
- Unit value of potential discoveries
- Breakeven price of exploration
- Gulf of Ob Shelf
- Full-cycle economic analysis
- Cretaceous Onshore: APT terms
- Offshore plays: Offshore Category IV Concession
- Exploration wells by play
- Key play characteristics
- Creaming curve
- Prospective resource summary
- Creaming curve
- Prospective resource summary
What's included
This report contains:
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