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Surgutneftegas - Hidden Giant of Siberia

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08 July 2014

Surgutneftegas - Hidden Giant of Siberia

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

    • A Soviet heritage
      • Surgutneftegas’s acreage and key fields
    • Reserves
      • Commercial Field Reserves at 1 January 2014 (fields over 100 million barrels shown)
    • Building a million b/d oil business through the drill bit
      • The expansion West and North from Surgut
      • Significant exploration successes
        • Exploration activity
      • Oil production is concentrated in a few core areas
      • West Siberia
      • Timan-Pechora and other areas
      • Tight Oil
        • Historical vertical well productivity in the Bazhenov
      • Capital expenditure trends
      • Maintaining production in the next decade

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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