Rosneft strikes oil off Sakhalin Island

Russian oil firm Rosneft has made an oil discovery offshore the Sakhalin Island in Russia’s Far East.

Sakhalin rosneft offshoer
Illustration only: Rosneft’s Sakhalin operations – Source: Rosneft

“As part of its exploration campaign, Rosneft Oil Company has successfully completed the drilling of the first prospecting and appraisal well at the Vostochno-Pribrezhny license block on the shelf of Sakhalin Island, resulting in the discovery of a new oil field,” Rosneft said on Monday.

The Vostochno-Pribrezhny license block is located in the Nabilsky Bay of the Sea of Okhotsk.

The well was drilled by Rosneft’s drilling contractor RN-Burenie, to the measured depth of 3,047 meters, and a set of geophysical studies in the open hole confirmed the oil saturation of productive formations.

“Preparations are now underway to test the well in casing. According to preliminary estimates, the reserves are up to 2 million tonnes of oil, which will be included in the State balance sheet in 2019,” Rosneft said.

“The first well drilled in the licensed area at the moment confirms the forecast made earlier by the Company’s geologists for the resource potential of the entire area of 11 million tonnes of oil equivalent,” Rosneft added.

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