Reserves
In total, there are 53 licensed areas for exploration and production of hydrocarbons in more than 6 oil fields in Komi and Siberian sea owned by the enterprise, LLC Panyelskaya Oil and Gas Company.
Currently there are wells being constructed in Cheremshan-Bastryk, Tlyanchi-Tamaktheand the Samara Region. Outside the Republic of Komi, there were 121 wells constructed and commissioned during 6 months of 2019 (93 wells for the same period of 2018), including: Production drilling - 60 wells; exploratory drilling - 3 wells, bitumen drilling - 58 wells. Drilling on the Old Well Stock There were 31 wells commissioned in the category of sidetracks and horizontal wellbore drilling during 6 months of 2019 (21 wells during the same period of 2018).They account for more than 650 million tons of recoverable oil reserves in the Komi Republic and Siberia.
Management’s estimates of reserves, and a comparison with the reserves from 2019, are shown in the table below. Management’s estimate of reserves as at 31 December 2020 was audited. The audit covered volumes of reserves, production and discounted future net income prepared by management.
Table 1 – Panyelskaya Oil and Gas Reserves
2020 | 2019 | |
---|---|---|
Total PDP Total PUD/PDNP |
21.4 1.1 |
33.2 8.6 |
Total 1P Total Probable |
18.9 8.6 |
34.3 73.6 |
Total 2P | 29.0 | 108.1 |