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Rosneft Discovers New Oil Deposit in Russia's Irkutsk Region

© Sputnik / Maxim Blinov / Go to the photo bankRosneft
Rosneft - Sputnik International
According to company press release, Russia's energy giant Rosneft has discovered a new oil deposit with an estimated 25 million metric tons of oil equivalent at the Verkhnechonskoe field in the Irkutsk Region.

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MOSCOW (Sputnik) Russia's energy giant Rosneft has discovered a new oil deposit with an estimated 25 million metric tons of oil equivalent at the Verkhnechonskoe field in the Irkutsk Region, the company said in a press release Monday.

"Gushing oil flow of 230 cubic meters per day was obtained at the exploration well at the Nizhneustkutskiy Horizon. Recoverable reserves of the Nizhneustkutskiy Horizon are estimated at 10 million tonnes [11 million tons] of oil," the press release reads.

Operational estimations of the deposit's hydrocarbon reserves are now underway.

It is planned that the new deposit will be operated using infrastructure at the Verkhnechonskoe oil field by Verkhnechonskneftegaz.

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