Kovykta field

Kovykta field

Kovykta gas condensate field is one of the largest undeveloped gas fields in East Siberia, Russia, Kovykta is located in the northern part of the Irkutsk Oblast, in the Zhigalovo and Kazachinsko-Lensk Districts. The field was discovered in 1987. The reserves of Kovykta amount to 2 trillion cubic meters of 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.cite news | url=http://www.tnk-bp.com/operations/exploration-production/projects/kovykta/ | title = Kovykta Project |publisher=TNK-BP | accessdate=2007-06-29] The field is developed by Rusia Petroleum, 62.9% of which was owned by TNK-BP. 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.cite news | url=http://money.cnn.com/2007/06/22/news/international/bp.reut/index.htm | title = BP sells Kovykta gas field stake to Gazprom | publisher= CNN | date=2007-06-22 | accessdate=2007-06-29] cite news | url=http://www.nytimes.com/2007/06/23/business/worldbusiness/23gazprom.html | title = Moscow Presses BP to Sell a Big Gas Field to Gazprom | publisher=New York Times | date=2007-06-23 | accessdate=2007-06-29] cite news | url=http://www.gazprom.com/eng/news/2007/06/24143.shtml | title = Gazprom, BP and TNK-BP enter into agreement on major terms of cooperation | publisher=Gazprom | date=2007-06-22 | accessdate=2007-06-29] The deal value will be fixed at a current market price within a 90 day period.

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.

ee also

*Energy policy of Russia
*Energy policy of China

References


Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • Kovykta field — is a gas and condensate field unique in its reserves, located in the Irkutsk Region 350 kilometers to the north east of Irkutsk. It is a part of the Lena Tunguska oil and gas province. Discovered in 1987, the field is prepared for commercial… …   Glossary of Oil and Gas

  • Gazprom — Газпром Type Public Traded as RTS:GAZP MICEX …   Wikipedia

  • List of natural gas fields — This list of natural gas fields includes major fields of the past and present.N.B. Some of the items listed are basins or projects that comprise many fields (e.g. Sakhalin has three fields: Chayvo, Odoptu, and Arkutun Dagi).Amounts in parentheses …   Wikipedia

  • Natural gas —    Russia is the world’s leader in natural gas production, easily outstripping its closest competitors, the United States and Canada. Each year, the country produces 654 billion cubic meters of natural gas, or more than 20 percent of global… …   Historical Dictionary of the Russian Federation

  • Yuganskneftegaz — Infobox Company company name = ru. Юганскнефтегаз Yuganskneftegaz company company type = Private foundation = 1964 location = flagicon|Russia Nefteyugansk, Russia key people = Vladimir Bulba (Managing director) industry = Energy products =… …   Wikipedia

  • Rosneft — Not to be confused with Russneft. Rosneft Роснефть Type public Traded as RTS:ROSN …   Wikipedia

  • WGC-3 — JSC The Third Generation Company of Wholesale Electric Market (JSC WGC 3) Type public Traded as RTS:OGKC MICEX …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”