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News // Companies

Volga Gas boosts year-on-year production with another shot in the arm imminent

19 May 2017 , 18:00Neftegaz.RU270

Russia’s Volga Gas reported on May 19, 2017,  that the company has boosted year-on-year production levels by 23% and is looking at another upswing in activity as it brings new assets on stream.

 

The group recorded total production in April at 7,553 boepd – on average 23% above the equivalent levels in 2016.

Production was boosted over the period with the increased use of processing capacity at the Dobrinskoye gas plant and workovers on the Uzen oil field which took effect during the 2nd half of 2016.

 

Andrey Zozulya, CEO of Volga Gas, said: «I am pleased to report that the assets of the group are continuing to perform strongly and that the group has been able to deliver significant increases in revenue and cash generation during the 1st four months of 2017.»

 

Drilling operations on the Volga Gas main gas/condensate field, Vostochny Makarovskoye (VM) were concluded during 2015.

The current activity on the field comprises minor improvements to production management systems and a planned workover on the 2nd production well.

 

There will be a total of 5 productive wells on the VM field, although the current output from just 3 of these is sufficient to supply the gas plant with its current effective gas processing capacity of 1 million m3 per day, equivalent to 35.3 mmcf/d.

More material development activity is under way on the producing oil field, Uzenskoye.

 

A rig to drill the new horizontal well on the undeveloped Albian reservoir in the field was mobilised during April and drilling commenced as planned on April 27.

Operations are expected to continue for between 6 and 8 weeks.

The results of this operation are expected to be available during July 2017.

 

As a result of these activities, oil production capacity is expected to increase from approximately 800 bpd to over 1,500 bpd, depending on the actual results of the horizontal well.

The Dobrinskoye Gas Plant has been running consistently at close to the maximum processing rate of 1 million m3 per day of gas since July 2016.

 

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