Yukola-neft has exceeded the coefficient of raw materials base recovery by 9 times

​Yukola-neft has exceeded by more than 9 times the average sectoral coefficient of raw materials base recovery. This was due to the discovery of 3 oil deposits in the Saratov region – Andreevsky, Blagoveschensky and Iversky.

On October 12th the state committee for mineral reserves approved the initial C1+C2 geological reserves of the Iversky deposit at the volume of 2.57 mln tons. The CEO of Yukola-neft, E. Makeev, said that until the end of 2015 and in early 2016 it is planned to actively develop this deposit. The drilling of another well is being held now. It will allow Yukola-neft Ltd to increase the extraction in 2016-2017 by the additional 100 thousand tons.

It is planned to drill 14 wells at the deposit. Aiming for the rational subsoil use, despite of the significant cost rise of drilling, it is decided to drill the deposit by the multi-pad method. It will allow to use by 4 times less lands for the development of sites and roads for the maintenance of wells.

It is planned to construct the measuring unit, a 20 –km long pipeline at the Iversky deposit aiming for the foundation of the closed system of oil collection and transportation. After separation gas will be sent for electric energy generation at the used by Yukola-neft CAPSTONE turbines.