Mega oil field discovered in southern Russia

Mega oil field discovered in southern Russia

A new oil field with roughly 300 million tons of oil and 90 billion cubic meters of gas has been discovered in the Astrakhan region of Russia.

“The field’s reserves are unprecedented, this discovery confirms the high potential of the Astrakhan region in terms of these major discoveries,” Sergey Donskoy, Russia’s Natural Resources Minister said on Wednesday.

The field, called “Velikoe” (The Great) was discovered by the AFB Oil and Gas Company, which will likely seek out larger partners to develop it.

Two likely candidates are Rosneft, Russia’s state-owned and largest producer, and Lukoil, the country’s second biggest producer.

"According to experts, given the lack of large land deposits, project participation will likely come from all major industry players. The most probable partners are Rosneft and Lukoil, which already have projects in neighboring regions,” Uralsib Capital analyst Aleksey Kokin told

Kokin estimates the deposits could be worth nearly $1 billion.

Rosneft has projects in the neighboring Vanqor oil field, which has a capacity of 140 million tons.

The last major land hydrocarbon deposit discovery was the Vanqor field in 1988, which has over 500 million tons of oil in estimated reserves.

Another Astrakhan region field is Lukoil’s Filanovsky field, which has more than 150 million tons of recoverable oil in the Caspian Sea.

In 2012, the company opened the neighboring Tambov field, also located in the Astrakhan oil field, which is the world’s fifth largest.



Good it'll keep'em busy for a while and maybe they will quit invading sovereign nations.
Those poor people, I'll bet a lot of heads in the Ukraine are looking at the ground and mumbling 4 letter words. lol Looks like the Caspian Sea will see a boom in the activities that bring money home, rather than war that only sees money leave a nation and it doesn't matter if they are winning or losing the war. Put the West under the same strain that Russia was put under and we would resemble the Russia of today, more like Cuba in 1965.

History of the British national debt - Wikipedia, the free encyclopedia
Economy of Russia - Wikipedia, the free encyclopedia

Who is in the market in that area, India? (in a question to get Win& revalidated the American speaker was speaking English in a better than perfect fashion, yet when trying to get a number for an oem copy from ACER it was rubber mouth English whet Q=queen, just saying when $100 is on the line American's don't farm it out, lol that might be part of their downfall)
Last edited by MHz; Sep 29th, 2014 at 12:18 PM..
bill barilko
Russians lie like rugs.
What grade? Same as the Arctic? Loan us money or we're f-cked grade?
They have the gas to make their fly, ours are thread bare
#6  Top Rated Post
I'm not going to bother with a retard.

Similar Threads

Massive Oil Field Discovered
by I think not | May 6th, 2006