Oil and gas field in the Astrakhan region, Russia

A large oil and gas field in the Astrakhan region, Russia, is for sale. Discovered in 2012. There are valid licenses for geological survey, exploration and production.

About the project:

• The project is of federal significance, reflected in the decree of the Government of the Russian Federation;
• The project is supported by the regional authorities of the Astrakhan region;
• The concept for the implementation of the project provides, among other things, for the construction of a gas and oil refining complex, which will ensure the formation of a large vertically integrated structure of federal scale;
• Total investments in the project are estimated at over 100 billion rubles.

Deposit characteristics:

• The total area of the license area is 700 sq. km, refers to subsoil areas of federal significance;
• Well stock: 2 exploration and appraisal wells
• The field is classified as one of the largest explored in the Russian Federation
• The license area is located in an area with developed industrial infrastructure
• Possibility of using a pipeline for export oil deliveries (pumping agreement signed), and the capacities of domestic companies for oil refining
• Access to labor resources
• High-quality oil, close in characteristics to the URALS grade (GOST 51858-2002 - 2.0.1.1.)
• Absence of hydrogen sulfide in the gas composition

Current hydrocarbon reserves in the field on the state balance for 2023:

Within license areas

Within the unallocated subsoil fund

Growth Potential:

• Degree of exploration and The Tambovsky section as a whole allows us to predict the high potential of the field and the possibility of discovering more than 7 trillion cubic meters of gas in Devonian
  deposits (the depth of productive deposits is over 6 thousand meters).
• Confirmation and transfer of reserves to higher categories.
• Conducting 3D seismic studies allows us to expect an increase in reserves and refinement of the development scheme.
• Additional exploration of the field.
• Discovery of gas fields in Devonian deposits;
• Discovery of fields in Mesozoic-Cenozoic deposits.
• Optimization of transportation costs due to the use of infrastructure on the L/U (and adjacent to it). Synergy from sharing infrastructure with other subsoil users.
• Savings on purchases and contractors for a company that already has assets in the region, and due to the scale of work on the field.
• Acquisition of adjacent sites from the unallocated subsoil fund and/or sites developed by neighboring companies.
• Possibility of tax benefits.