Russia’s TNK-BP said it was encouraged by the results of unconventional drilling at an old West Siberian field, the first of several projects to determine the efficacy of “fracking” to boost output in the declining province.
TNK-BP, half-owned by BP, said it had drilled a production well in April at the Severo-Khokhryakskoye field, near its main production assets in Western Siberia, and resumed drilling on a larger scale after receiving encouraging results.
“The company has selected seven high-priority development sites with hard-to-recover reserves with a potential volume of 600 million tonnes,” it said in a statement on Wednesday.
“Increasing the efficiency of the development of these resources demands a complex approach, in which new technologies play a key role.”
