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New hydrocarbon deposits discovered in Chechnya

Moscow, Apr 3 (Prensa Latina) A joint venture by Geologists from the Rosneft Scientific Institute and colleagues from Grozneftegaz, a branch of the Rosneft group, discovered new hydrocarbon deposits in Chechenia for the first time in 30 years, RIA Novosti reported.

“More than 2.5 million tons of oil and one billion cubic meters of gas added to the balance of state reserves after the discovery in Chechenia,” the institute’s website reported.

Experts identified promising intervals of Maikop deposits in the Jayan-Kortovskoye field, which are at an advanced stage of development.

According to Rosneft, the well*testing were carried out in difficult mining, geological and technical conditions, which resulted in obtaining sources of anhydrous oil with a flow rate of more than 40 cubic meters per day.

According to the company, increasing the efficiency of reserve replenishment is one of the key elements of Rosneft’s strategy for 2023.

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