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Gazprom hits oil at South Kirinskoye

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Appraisal at Gazprom’s offshore South Kirinskoye field has revealed large oil  reserves. Total reserves have more than doubled to 8.7 billion boe. This upgrade means South Kirinskoye has become the largest oil discovery globally in 2013. Full field development could cost US$35-40 billion. Gazprom may decide to bring in an international partner to provide the capital and technical experience. We indicatively estimate a post-tax development value of US$35 billion.

Table of contents

    • Exploration and appraisal
    • A scaled up development
    • Indicative Valuation
      • Model field economics
      • Model field reserves
    • Implications

Tables and charts

This report includes 3 images and tables including:

  • Gazprom hits oil at South Kirinskoye: Image 1
  • Gazprom hits oil at South Kirinskoye: Table 1
  • Gazprom hits oil at South Kirinskoye: Table 2

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    Gazprom hits oil at South Kirinskoye

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