* The “Paleozoic Project” is directed at developing a viable technology for hydrocarbon exploration and prospecting at Jurassic formations. The project comprises two main areas: research and development, and exploratory drilling. The Gazpromneft Technology Partnerships’ Industrial Integration Centre will be the Operator on the project, with work being undertaken by specialists at Gazpromneft-Vostok together with Tomsk Polytechnic University and other organisations and higher educational institutions in the Tomsk Oblast.
A Cooperation Agreement on developing hard-to-recover hydrocarbon reserves was signed between Gazprom Neft and the Tomsk Oblast in 2016. The “Paleozoic” technology project was initiated in 2017.
Developing and rolling out effective tools for discovering Paleozoic deposits throughout Western Siberia is expected to result in annual production of Paleozoic oil increasing to 18 million tonnes. Experts estimate total reserves in place at Paleozoic deposits in this part of Russia to be more than 25 billion tonnes.