Yukos to double output from Priobskoye field

May 22, 2002 02:00 AM

Oil production at the giant Priobskoye field in West Siberia is expected to double this year to 260,000 bpd from 129,000 bpd in 2001, Bruce Misamore, CFO of Russia's Yukos said. By 2005 output at Priobskoye, one of the biggest onshore fields in the world, will reach a peak of 500,000 bpd, Misamore told.

The field is operated by Yukos' upstream affiliate Yuiganskneftegaz. Priobskoye will account for almost 60 % of Yukos' planned incremental oil in 2002, when the company's output is expected to rise by up to 20 % to reach 1.36- to 1.4 mm bpd, up from 1.18 mm bpd in 2001. Yukos' 2002 budget calls for $ 775 mm worth of investment upstream.
Some 327 new wells will be drilled during the year. Yukos' "primary focus upstream is to lower production costs", Misamore said. Lifting costs in the first nine months of 2001 were $ 2.08/bbl.

Source: Platts
Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.


The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


Upcoming Conferences
« June 2018 »
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30

Register to announce Your Event

View All Events