Timan-Pechora Basin

The Timan -Pechora oil field (Russian Тимано - Печорское месторождение ) is lying in a sedimentary basin oil field in the north of Russia. It is located between the Pechora, as the southeastern part of the Barents Sea is between the islands Kolgujew and Waigatsch also called, and the Timanrücken. The development of the field, it was decided mid-1990s. Conoco and Lukoil develop the oil field jointly.

Production

In recent years, the production in the region could be expanded continuously ( see table). 2011 Lukoil denied in the region 19.3 percent (2009: 22.2 percent ) of its total oil production. This makes the region to Western Siberia ( 54.0 percent ) for the second most important producing region for LUKOIL. However, the flow rate dropped in 2011 to about 17 percent. Major investments in new production technology, such as Lukoil them eg used in Western Siberia are necessary to maintain high production figures in the future.

Lukoil oil production in thousands of tons

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