Rosneft Drills 1st Well In Vendian Deposits In East Siberia, Plans Another 16 By 2025

Rosneft Drills 1st Well in Vendian Deposits in East Siberia, Plans Another 16 by 2025

Russia's Rosneft said on Wednesday that its subsidiary, the East Siberian Oil and Gas Company, has drilled the first production well in Vendian deposits of the Yurubcheno-Tokhomskoye oil field in the Krasnoyarsk Territory and is planning to drill another 16 by 2025

MOSCOW (Pakistan Point News / Sputnik - 05th August, 2020) Russia's Rosneft said on Wednesday that its subsidiary, the East Siberian Oil and Gas Company, has drilled the first production well in Vendian deposits of the Yurubcheno-Tokhomskoye oil field in the Krasnoyarsk Territory and is planning to drill another 16 by 2025.

Vendian deposits overlie the world's most ancient productive Riphean deposits, which are more than 1 billion years old. The oil-saturated part of the Vendian deposits is located at a depth of more than 2,000 meters (6,600 feet).

The extracted oil is ultra-light, contains a small amount of sulfur, hydrogen sulfide, resin and paraffins, being an optimal raw material for deep processing, according to Rosneft.

The project for full-scale development of the Yurubcheno-Tokhomskoye oil and gas condensate field was launched in 2014. The extracted crude is comparable to Brent in terms of density and is lighter than Russia's Urals oil.