Spanish oil and gas company Repsol has made two new discoveries in the Russia’s Karabashsky blocks, in the West-Siberian Ouriyinskoye field. The recoverable resources from the Gabi-1 and Gabi-3 wells are estimated at 240 mboe, a considerable addition to the resources Repsol currently holds in Russia. The discoveries confirm Repsol’s expectations of its Russian operations, where it is developing one of its key strategic projects, the AROG joint venture, together with Alliance Oil.
Repsol has been exploring the Karabashsky 1 and 2 blocks since 2010. In 2011 it created a joint venture with Alliance Oil, called AROG, which is a growth platform for both companies in Russia, combining the knowledge and access to exploration and production opportunities of Alliance Oil in the country with the experience and technological capacity of Repsol, including new drilling techniques. During 2013, Russia contributed 14,600 boe/d to Repsol’s production. This has risen to 17,640 boe/d in 2014 with the startup of new gas wells on the SK field.