OREANDA-NEWS. September 19, 2012. OJSC Orenburgneft (part of the ТNК-ВР Group) has started development drilling in the Morgunovskoe oil field located within the Buzulukskiy license area, with total reserves of ca. 16 mln tons. Thirteen wells are planned to be drilled there till the end of the year, reported the press-centre of ТNК-ВР.

ТNК-ВР will be implementing a pilot production project in the Morgunovskoe field for three years – till 2015. Now the field, which was discovered in 2010, has eight exploration wells. Maximum production is expected to be achieved by 2016 with the commencement of commercial operation. By that time a drilling potential will be fulfilled – 54 development wells with annual production of approximately 650 ths tons.

“Development of new fields in the Orenburg region is an important part of the company general strategy. Putting new areas on stream and improving production performance at mature fields will allow achieving stable production in the region in the long term,” said Igor Rustamov, General Director, OJSC Orenburgneft.