Salym Group of Fields

The Salym Group of fields is located in Russia's richest oil province, the Khanty-Mansiysk Autonomous Area of Western Siberia (click here for map) and are operated by Salym Petroleum Development (SPD), Sibir's 50:50 joint venture between its 100% owned subsidiary, OAO Evikhon (Evikhon) and Shell Salym Development B.V, a member of the Royal Dutch Shell Group.

The Salym fields development represents the largest on-shore foreign investment in Russia and was named by Goldman Sachs as one of the top 125 energy projects in the world.

Salym Fields Facts

• 1.1 billion barrels of recoverable reserves under Russian classification system (click here for details on reserves)
• Consists of three fields, West Salym, Upper Salym and Vadelyp (click here for detail)
• Launched commercial production in December, 2005
• Production reached 160,000 barrels a day in 2009
• $1.54 billion capital budget, $890 million ($445 mm Sibir share) had been spent by year end 2006
• Total of 1041 wells (production - 692, injection - 349, water source - 16) planned under technical schema
• Crude is Siberian light - 28 API
• Due to constraints in the national Transneft pipeline system only 40% of crude can be exported. The remaining 60% is sold on the domestic market
• Achieving excellent results from 80 degree deviated wells
• Major hydro-fracing program underway to maximize production

 To see a video of the Salym project please click here (English) or here (Russian).