The Russian Federal Agency for Subsoil Use has confirmed the deposits of the Naryaginskoye gas field that has been discovered in the territory of the Ust-Kut and Kazachinsko-Lenskoye districts of the Irkutsk region. The total area of the license field is 2,500 square kilometres, the initial gas-in-place under the categories C1+C2 exceeds 26 billion cubic metres, the directorate of the Irkutsk Oil Company (IOC) told Itar-Tass on Monday.
The drilling of a prospecting well with the depth of 3,420 metres in this area had been started in 2008, and in a year it gave a gas influx.
The Irkutsk Oil company is the user of 11 fields and sections of hydrocarbons located in the north of the Baikal area. Of them the Markovo, Danilovo, Yarakta and West Ayan fields are in commercial operation.
Last year the IOC produced over 350,000 tonnes of hydrocarbons and put into operation an oil treatment facility that makes it possible to increase the oil recovery volume up to 1.5 million tonnes annually. The company has made a decision in the construction of a lateral pipeline to the Eastern Siberia – Pacific Ocean (ESPO) main pipeline system.
The Irkutsk Oil Company was established in November 2000 by uniting several small oil and gas producers operating in Irkutsk region. Irkutsk Oil Company was the first in the region to enter into the operational stage of production and for all those years kept its leading position as the largest oil and condensate producer in Irkutsk region. 2009 oil and condensate production of the company was close to 370 thousand tonnes (2.8 million bbl).
Currently, as a holding company, Irkutsk Oil Company operates 11 oil and gas fields. Those fields are:
Yarakta field (license is hold by JSC ‘Ustkutneftegaz’);
Markovo field (license is hold by JSC ‘Ustkutneftegaz’);
Danilovo field (license is hold by ‘NK ‘Danilovo’, Ltd.);
Ayan field (license is hold by ‘INK-Neftegazgeologiya, Ltd.’);
Ayan license area (license is hold by ‘INK-Neftegazgeologiya, Ltd.’);
Potapovsky license area (license is hold by ‘INK-Potapovo, Ltd.’);
Bolshetirsky license area (license is hold by JV ‘INK-Zapad’);
West-Yarakta license area (license is hold by JV ‘INK-Zapad’);
Naryaginsky license area (license is hold by JSC ‘SNGK’);
Angaro-Ilimsky license area (license is hold by JSC ‘SNGK’);
Severo-Mogdinsky license area (license is hold by JV ‘INK-Sever’).
All of the above mentioned fields and licensed areas are located in Irkutsk region.
Joint Venture ‘INK-Sever’ was created by Irkutsk Oil Company and Japanese Oil, Gas and Metals National Corporation (“JOGMEC”) in April 2008, for the exploration of the north areas of Irkutsk region. Severo-Mogdinsky block exploration is the pilot project of this joint venture.
Irkutsk Oil Company owns INK-Service, Ltd., a fully functional service unit, responsible for drilling and work-over operations at the company’s fields. INK-Service has a proven record of successful drilling in the Eastern Siberia and is contracted by other operators in the region.
Irkutsk Oil Company is owned by CJSC ‘INK-Capital’, with European Bank for Reconstruction and Development as a shareholder among others. Irkutsk Oil Company currently employs some 850 people. Irkutsk Oil Company is a member of AssoNeft, the association of independent small and midsize companies and Irkutsk Chamber of Commerce and Industry since 2006.
According to the company's release, All Irkutsk Oil Company fields and operations are located in Irkutsk region. Irkutsk Oil Company has an active and constructive dialogue with the local governments and administrations, jointly finding the best solutions for the needs of the communities. Within the framework of the agreements with Irkutsk government, Irkutsk Oil Company continually helps schools, hospitals, and assists those who need it the most - orphans, retirees and people with disabilities.
We support sports and cultural events, health and education in the communities located in the northern part of the Eastern Siberia.
Irkutsk Oil Company is a responsible employer. It strives to create a safe, healthy, and stimulating environment for its employees.
The company’s active hiring policies help decrease the level of unemployment in the remote areas of Irkutsk region, which in turn supplements the local tax revenues. In 2006 and 2007, Irkutsk Oil Company was awarded with ‘Taxpayer of the year’ national award, which is given to the most responsible taxpayers.
The Irkutsk region has abundant mineral resources. Some of the country’ s largest mineral-bearing areas are located here, including the Lenskaya (gold), Mamsko-Chuiskaya (mica), Angarskaya (iron ore), Vostochno-Sayanskaya (rare metals) provinces and the Irkutsk coal basin. The Vostochno-Sibirsky saliferous (salt-bearing) basin is the largest in the world. About 11 tonnes of gold per year are produced in the region.
The most important mineral resources are hydrocarbons, gold, mica, iron, brown and bituminous coal, and table salt. The region also has abundant deposits of non-metallic raw materials for ferrous metallurgy.
The Irkutsk region is one of the most economically developed areas in the eastern part of the country. The leading industrial sectors are mining, the power industry, aluminium smelting, petrochemicals, engineering, and building materials. The forest, woodworking, and pulp and paper industries are currently undergoing intensive development.