OPERATIONS EXPERTISE

LLC Vankor-oil is a strategic alliance of Canadian companies with special technology for well repairs, well work over, stimulation and operation of oil and gas wells in cold weather environments.

LLC Vankor-oil offers OPERATIONS EXPERTISE, TECHNOLOGY TRANSFER AND EQUIPMENT for:

• PRODUCTION MONITORING
• ACID ZING
• WELL COMPLETIONS
• HYDRAULIC FRACTURING
• CEMENTING
• PRODUCTION OPTIMIZATION
• COILED TUBING
• RESERVOIR ENGINEERING
• SERVICE RIGS
• WELL REPAIR AND WORKOVERS

LLC Vankor-oil provides MANAGEMENT EXPERTISE to implement technology to increase oil and gas production and the efficiency of the field operation.

The LLC Vankor-oil OPERATION EXPERTISE includes a preventative maintenance plan which combines daily programs, emergency response plans and predictive techniques to avoid breakdowns that create loss of oil or gas and money. Training is applied to ensure safe operation of equipment.

LLC Vankor-oil provides TECHNICAL EXPERTISE in production, work over, completion and reservoir engineering to create optimum production of oil or gas. These solutions involve new designs of production equipment, improvement of existing equipment, monitoring well data, implementing new test and operations procedures for the best economic solution.

 

The LLC Vankor-oil INFRASTRUCTURE includes communication, living quarters, medical support, travel of personnel, logistics and equipment handling, translation, creation of project plans and the development of other business ventures.

GEOLOGY

Total amount of oilfields belonging to LLC Vankor-oil is 178, among them 152 are under development at the moment.

       The production enterprises of LLC Oil and Gas Company Vankor-oil are incorporated in four territorial-production groups:

          1.  West Siberian group
          2.  Ural group
          3.  Volga Region group
          4.  Central Siberian group

 

Territorial-production groups of enterprises of Vankor-oil


 

Oil bearing capacity of the fields of Ural group and Volga Region group is due to terrigenous and carbonate rocks of Moscovian and Mississippian stages of Carbon and Devon.

 The leading oil bearing objects of the fields of West Siberian group belong to Neocomian and Malm deposits.
 The discovery potential of new oil and gas accumulations depends on the increase in volume and precision in carrying out of seismic exploration works 2D/3D and prospecting-exploration drilling both at formerly identified deposits, and regained ones.

 In the short term LLC Vankor-oil is going to conduct the policy of geologic exploration, based on five principles:

1. Further appraisal of the fields, being under development and in operation, mainly due to the increase in volume and quality of seismic works 3D.

2. Increase in volume of prospecting and exploration drilling on the basis of seismic survey and analysis of the earlier received information.

3. To evaluate and mark out best promising new fields for purchase.

4. To continue exploration prospecting survey within the bounds of the existing license areas of “RusNeft”.

5. Guarantee of the annual performance of the resource base of the Company due to the geological exploration.

 RESOURCES

In spring 2007 Oil and Gas Company LLC Vankor-oil finished calculation and independent audit of oil and gas capacity as of 01.01.2007. According to audited returns of Miller and Lents Company (USA), estimated reserves of hydrocarbons as of 01.01.2007 amount to 1255, 1 ml. Bbl, of oil equivalent, including 1092, 1 ml. bbl, of oil and 978, 4 bl. cubic feet of gas

Estimates of oil and gas reserves are carried out in accordance with the requirements of the Society of Petroleum Engineers (US SPE) and World Petroleum Congress (WPC).

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