Timano-Pechora Province to reach maximum production in 2013-2020

Apr 07, 2004 02:00 AM

Timano-Pechora Province's max. oil production of 35 mm-43 mm tons will be hit in 2013-2020, Oleg Prishchepa, deputy director at VNIGRI research institute said at the St Petersburg Forum: Russia's Fuel & Energy Complex: Regional Aspects.
Gas production is estimated at 10 mm cm after 2010 to further increase to 36 mm cm in 2020 (with Shtokmanovskoye field put in operation).

As a whole, Timano-Pechora's production may widen over 2004-20014, stand still in 2015-2019 and go down in 2020-2031.
With no new reserves available, the production will significantly drop in 2023-2031, down to 25 mm tons at the start of the period and to 10 mm by the close of it. In the long term, oil production may be maintained at 12-15 mm tons till 2030-2035, Prishchepa said.

Source: Gateway to Russia
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