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Statoil and Rosneft revive unconventional exploration in Russia

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01 February 2017

Statoil and Rosneft revive unconventional exploration in Russia

Report summary

On 31 January 2017, Rosneft’s JV with Statoil spud  its first exploration well that targets the tight oil reservoirs of the Domanik formation in the Samara region. Following the drilling of two wells in the Sea of Okhotsk, this is the second major exploration move by Statoil in Russia in the last 12 months. Having worked in the Bakken formation acreage, Statoil has significant unconventional experience, and could help unlock the large resource potential of the Domanik. The JV plans to drill and test at least three horizontal wells between 2017-19. The main purpose of these wells will be to understand which drilling and completion technologies to use in the future. It will also improve understanding of the potential economics of the play.

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  • Samaraneftegaz blocks in the Volga-Urals

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