Page 16 - FSUOGM Week 36 2019

FSUOGM PROJECTS & COMPANIES FSUOGM
Gazprom Neft targets oil rims at East Siberian gas giant
RUSSIA
RUSSIA’S Gazprom Neft has begun drilling wells targeting the oil rim of the Chayandinskoye gas field in Eastern Siberia, the company reported on September 5.
Oil rims are thin layers of oil covered typ- ically by a much larger volume of gas, and are present at a number of Siberia’s largest gas depos- its. Chayandinskoye’s primary importance is as a resource base for Gazprom’s Power of Siberia gas pipeline to China, but according to the com- pany’s oil arm Gazprom Neft, it could also yield significantvolumesofoil.
Gazprom Neft’s first well at Chayandinskoye will measure 4km in length with a 1.5-km hori- zontal section. Its initial aim will be to scope the structure and characteristics of the field’s oil rim. Pilot production is due to start in the fourth quarter of 2019, with full-scale operations launching in late 2021.
According to Gazprom Neft, Chayandin- skoye holds 61.6mn tonnes (452mn barrels) of oil and gas condensate. Its oil rim could flow up to 2.9mn tonnes (58,200 bpd), the company
estimates. It aims to build an onsite facility to treat this crude and a pipeline to transport it to the Eastern Siberia – Pacific Ocean (EPSO) oil system.
“One of the key areas of Gazprom Neft’s development strategy is engaging in oil-rim development, including at fields belonging to our parent company,” Gazprom Neft CEO Alex- ander Dyukov said in a statement. “We have both the latest technologies and extensive competen- cies, as well as valuable experience in developing complexreserveslikethis.”
Gazprom Neft also intends to exploit oil rims at Gazprom’s Pestsovskoye and Yen-Yakhin- skoye, as well as oil trapped within deep Achi- mov layers at some of the company’s other major Siberian gas projects.
Chayandinskoye’s recoverable gas reserves are assessed at 1.2tn cubic metres. Gazprom recently began filling Power of Siberia with the field’s gas, in preparation for the start-up of commercial shipments to China this Decem- ber.™
Gazprom to up feedstock supplies to Sibur’s Amur GCC
RUSSIA
Sibur wants to expand the petrochemical plant’s capacity.
GAZPROM has struck a preliminary deal to raise feedstock supplies to petrochemical group Sibur’s Amur gas chemical complex (GCC) in the Far East, which would enable an expansion of its capacity.
The Russian state gas company agreed last year to supply 2mn tonnes of ethane annually from its Amur gas processing plant (GPP) to Sibur’s Amur GCC. The pair signed a new agree- ment on September 5 at the Eastern Economic Forum in Vladivostok on the shipment of an extra 1.5mn tonnes per year of ethane and LPG.
The increase in volumes will allow Sibur to expand Amur GCC’s capacity from 1.5mn to 2.3mn tpy of polyethylene and 400,000 tpy of polypropylene, the company said.
Sibur is due to take a final investment deci- sion (FID) later this year on the Amur plant, one of a raft of new polymer projects currently underway in Russia aimed at exploiting the country’s ample, low-cost oil and gas resources to capitalise on a fast-growing sector.
The complex will sell its output in China, with Beijing’s state-owned Sinopec lined up to be its main customer. Sinopec owns a 10% stake in Sibur, whose main shareholders are Russian businessmen Leonid Mikhelson and Gennady Timchenko. It also signed a term sheet in June on taking a 40% stake in Amur GCC.
Gazprom’s nearby GPP is due on stream in 2023 and will process gas being delivered to China via the 38bn cubic metre per year Power of Siberia pipeline. In addition to ethane and LPG, its other by-products include pentane-hexane fraction and helium.™
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Week 36 11•September•2019