Insight
Surgutneftegas - Hidden Giant of Siberia
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Report summary
Russia’s 3rd largest oil producer and one of only 21 companies producing more than a million b/d, Surgutneftegas have forged a unique path. A drill heavy development strategy will mean flat production until 2020, with successful development of the Bazhenov shale key to production beyond then.
Table of contents
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Executive Summary
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A Soviet heritage
- Surgutneftegas’s acreage and key fields
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Reserves
- Commercial Field Reserves at 1 January 2014 (fields over 100 million barrels shown)
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Building a million b/d oil business through the drill bit
- The expansion West and North from Surgut
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Significant exploration successes
- Exploration activity
- Oil production is concentrated in a few core areas
- West Siberia
- Timan-Pechora and other areas
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Tight Oil
- Historical vertical well productivity in the Bazhenov
- Capital expenditure trends
- Maintaining production in the next decade
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A Soviet heritage
Tables and charts
This report includes 7 images and tables including:
- Surgutneftegas - Hidden Giant of Siberia: Image 1
- Surgutneftegas - Hidden Giant of Siberia: Table 1
- Surgutneftegas - Hidden Giant of Siberia: Image 2
- Production is supported by a few key fields
- The increasing complexity of well work
- Surgutneftegas - Hidden Giant of Siberia: Image 3
- Surgutneftegas - Hidden Giant of Siberia: Image 5
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