Matra confirms resource estimates at Sokolovskoe discovery
01 July 2008
Independent consultants have confirmed the resource estimates at Matra Petroleum’s Sokolovskoe discovery in Russia. Average recoverable resources are now thought to be around 19 million barrels, which would be worth around US$172 million.
Advisory firm Senergy was brought in by Matra to prepare a pre-drill report on the discovery, which lies in the Arkhangelovskoe Licence in Orenburg.
Senergy used new and reprocessed seismic data from Matra’s A11 and A12 wells to come up with its results.
The best case assumes a development with 21 producing wells and seven water injection wells drilled during the whole field life, with peak production of around 8,500 barrels per day reached in 2012.
The economic valuation of the best estimate case, used a domestic oil price of US$58/bbl, to calculate a Net Present Value of US$172 million at a 10% discount rate.
Peter Hind, Matra’s managing director said: “The ongoing testing of Well A12 will provide further data for field development planning. The block contains further upside potential and we will concentrate on getting main production onstream as quickly as possible and further exploring the block.
“Our recent experience in Russia means we are well placed to take advantage of further opportunities in the region.”
|
Relevant Companies
For more company information click below:
Headlines
31 August 2010
30 August 2010
27 August 2010
20 August 2010
18 August 2010
13 August 2010
09 August 2010
06 August 2010
30 July 2010
29 July 2010
28 July 2010
27 July 2010
26 July 2010
23 July 2010
23 July 2010
22 July 2010
21 July 2010
19 July 2010
16 July 2010
12 July 2010
09 July 2010
08 July 2010
07 July 2010
06 July 2010
05 July 2010
02 July 2010
06 May 2010
13 April 2010
24 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
19 March 2010
19 March 2010
» See all News
Features
31 August 2010
28 July 2010
23 July 2010
13 April 2010
24 March 2010
22 March 2010
19 March 2010
19 March 2010
18 March 2010
16 March 2010
15 March 2010
12 March 2010
11 March 2010
08 March 2010
05 March 2010
05 March 2010
» See all Features
Round-Ups
27 August 2010
20 August 2010
13 August 2010
06 August 2010
30 July 2010
23 July 2010
16 July 2010
09 July 2010
02 July 2010
19 March 2010
19 March 2010
12 March 2010
12 March 2010
05 March 2010
05 March 2010
28 February 2010
Popular
31 August 2010
28 July 2010
27 August 2010
30 August 2010
04 December 2009
30 July 2010
18 August 2010
26 July 2010
01 February 2010
29 July 2010
07 July 2010
19 July 2010
25 November 2009
26 January 2010
08 July 2010
20 August 2010
|