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Kovykta field

Natural gas field in Eastern Siberia, Russia

Field	Value
name	Kovykta field
location_map	Russia
coordinates_ref	[ trubagaz.ru](http://www.trubagaz.ru/upload/trubagaz/information_system_21/9/6/8/item_968/information_items_property_243.jpg?1024:702)
relief	yes
country	Russia
region	Eastern Siberia
location	Zhigalovo and Kazachinsko-Lensk districts, Irkutsk Oblast
offonshore	onshore
coordinates
owner	Gazprom
discovery	1987
est_gas_bcm	2,000

| production_gas_mmcuft/d = | production_gas_mmscm/d = | production_gas_bcm/y = The Kovykta gas condensate field is one of the largest undeveloped natural gas fields in Eastern Siberia, Russia. The field is located in the northern part of the Irkutsk Oblast, in the Zhigalovo and Kazachinsko-Lensk districts.

History

The field was discovered in 1987. In June 2007, TNK-BP agreed to sell its stake for US$ 700 million to US$ 900 million to Gazprom with option to buy back a 25% plus one share stake in the project. | archive-url=https://web.archive.org/web/20101216091618/http://gazprom.com/press/news/2007/june/article63840/ | archive-date=2010-12-16 | url-status=dead TNK-BP also tried to sell the field to state-owned Rosneftegaz, but failed. On 1 March 2011, Gazprom bought Rusia Petroleum's assets, including rights for the Kovykta field, for $711 million.

Reserves

The reserves of Kovykta amount to 2 trillion cubic meters of natural gas and more than 83 million tons of gas condensate. The period of active gas production in the Kovykta field is expected to be 30 years, and the period of field development about 50 years. |url-status = dead

Developer

The field was developed by Rusia Petroleum, 62.9% of which is owned by TNK-BP.{{cite news |archive-url = https://web.archive.org/web/20100605064139/http://www.dowjones.de/site/2010/06/tnkbp-kovykta-field-operator-files-for-bankruptcy.html |archive-date = 2010-06-05 |url-status = dead |url-status = dead

Significance

The Kovykta field is considered to supply natural gas to China and Korea. According to these agreements signed by Rusia Petroleum with China National Petroleum Corporation and Kogas on 2 November 2000, the annual export of gas to China and Korea will be 20 billion cubic meters (bcm) and 10 bcm, respectively. The Kovykta field will contribute also to the gasification of Irkutsk Oblast, implemented by the OAO East Siberia Gas Company, a joint venture of Gazprom (originally TNK-BP) and the Irkutsk Oblast Administration.

References

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

oil-fields-of-russia natural-gas-fields-in-russia gazprom-oil-and-gas-fields

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