VOSTOK NAO: Starts Exploration Drilling at Yuzhno-Visovaya
Today VOSTOK NAO, a joint venture of LUKOIL (50%) and Bashneft (50%), has begun drilling exploration well No.1 on the Yuzhno-Visovaya prospect in Severo-Yareyyaginsky block located in the Nenets Autonomous District. The target depth of the well is 4,000 meters. A 3D seismic survey covering 103 km2 was acquired earlier …
Bashneft And Lukoil Establish JV To Conduct Geological Exploration And Develop License Areas In The Nenets Autonomous District
JSOC Bashneft and OJSC Lukoil have established a new joint venture (JV), LLC Vostok NAO Oil Company, to conduct geological exploration and prospecting and produce hydrocarbons at the companies’ license areas in the Nenets Autonomous District. ‘We welcome greater cooperation with Lukoil. Successful development of the Trebs and Titov fields in the Nenets Autonomous District has proved …