Tender for exploration and development of Velikoe deposit to be held in 2016

​The tender for investors for the development and exploration of the Velikoe oil deposit in the Astrakhan region will be held in 2016.

The Velikoe deposit gained the status of a federal deposit in late 2013 when it was put on the balance of the state committee. In the framework of the tender it is planned to find investors for the construction of new exploratory wells, a trial operation of one of the wells is possible.

The first stage of assessment of the perspective of the deposit, which presupposes the drilling of 3 wells, is planned to be completed by 2019. Now the first well “Georgievskaya 1” is drilled at the deposit. The oil flow was received in the process of testing and the geological-geophysical parameters of the deposit have been confirmed, physical-chemical oil characteristics, including the absence of hydrogen sulfur in its content. The profitability of the deposit’s development is assessed quite high.

The Velikoe deposit is considered one of the most perspective ones in the Astrakhan region. It was discovered by AFB company in 2012. Its reserves are assessed at 300 mln tons of oil and 90 bln cubic m of gas by C1+C2 categories.