TNK-BP's Samotlor Field Declared the World’s Sixth Biggest

Saturday, August 22, 2009      

Three Russian oil fields are listed among the world twenty biggest fields by IHS CERA, an international research company. Experts from IHS CERA compared output from various fields and declared Ghawar, a Saudi Arabian field the world’s biggest, Kuwait Burgan ranked second and Azeri-Chirag-Guneshli (Azerbaijan) came in third. The list contains three Russian Western Siberian fields: Samotlor (TNK-BP), Priobskoye (Rosneft and Gazpromneft) and Fedorovsko-Surgutskoye (Surgutneftegaz). To be fair, the second and third Russian fields are split into parts.

Samotlor is leading in terms of production with 37.4 million tons per annum and cumulative production since the start-up in 1969 of about 2.6 billion tons. Its proven residual reserves are 545 million tons. The field is 80% depleted with water-cut exceeding 90%. According to a TNK-BP representative, the field production has stabilized over the past 4–5 years after a period of decline, and the company intends to support production through an aggressive exploration program and application of cutting-edge technologies. Valery Nesterov, an analyst with Troika Dialogue, also has faith in the future of Samotlor: “Well rates have come down from 12.7 tons per day in 2004 to the current 9 tons per day but the field may be producing till the end of this century and Samotlor would be featuring in international ratings for another decade.”

Fedorovsko-Surgutskoye (20 million tons per annum) is the principal ‘odd man out’, according to Vitaly Gromadin, an analyst with Arbat Capital, given that its peak production was in 1980-ies. Priobskoye (32.4 million tons per annum) enjoys the highest upside potential, it was put on stream only in recent years and its reserves depletion does not exceed 15%. Nesterov is confident that “the field production is ramping up and is due to reach a peak of 45–48 million tons per annum. Priobskoye is due to see its rating upgraded.” According to Gromadin, the only Russian oil field that may get high ratings is Rosneft-owned Vankorskoye (its formal launch is scheduled for today). Rosneft plans to produce about 23 million tons per annum by the year of 2013.

Source: Vedomosti

World's Largest Oil Fields

Country (Field Name) Production bd
Saudi Arabia (Ghawar) 5,000,000
Kuwait (Burgan) 1,200,000
Azerbaijan (Azeri-Chirag-Guneshl) 850,000
Mexico (Ku-Maloob-Zaap) 800,000
Abu Dhabi (Zakum) 750,000
Russia(Samotlor) 750,000
Mexico (Cantarell) 660,000
Russia (Priobskoye) 650,000
Iran (Ahwaz - Bangestan) 600,000
Saudi (Arabia - Shaybah) 500,000
Abu Dhabi (Bu Hasa) 500,000
Qatar(Al Shaheen) 480,000
Kazakhstan (Tengiz) 450,000
Russia (Fedorovo-Surgutskoye) 400,000
Algeria (Hassi Messaoud) 380,000
Saudi Arabia (Abqaiq) 375,000
Venezuela (El Furrial) 370,000
Brazil (Marlim) 350,000
Venezuela (Junin) 320,000
Abu Dhabi (Bab) 320,000

Source: IHS CERA


Article Tags

TNK-BP CERA Russia Worldwide North Africa

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

Related News

Join 80,000 oil and gas professionals who receive our weekly newsletter.

You may unsubscribe at any time with one click.

Popular Headlines View all

Latest Opinion View all

Join 90,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Create profile

Time for a change? All jobs Jobs near you


OilVoice, established in 2002, is your leading source of upstream news, jobs and industry information.


Each week we send our weekly industry round-up. Why not try it? You may unsubscribe at any time.

Contact OilVoice

Milton Keynes
United Kingdom
Contact Us

Stay Connected

2016 © OilVoice  .  Privacy Policy  .  Terms of Service  .  Oil Careers  .  Advertise with us