Share Price 58.00p Change 0.00 at 05:00 on 30/10/17 search About Us Our Operations Investors Corporate Responsibility Contact Us Our Operations Licences Our Operations Licences Dobrinskoye Vostochny Makarovskoye Karpenskiy Urozhainoye-2 Oil Gas and Condensate Reserves Image Library Glossary of Technical Terms Licences Karpenskiy license covering 4,180km² is in the Saratov Region. The licence area contains a producing oil field discovered by the company in 2007 in a supra-salt horizon and exploration potential in other identified structures in supra-salt, intra-salt and sub-salt horizons. Vostochny Makarovskoye license ("VM") covering 17.8km² is in the Volgograd region. The Vostochny-Makarovskoye gas-condensate field, Volga Gas’ principal field by reserves, commenced production in October 2012 with two wells. Further development drilling was completed in 2015 bringing the total number of wells to four. Dobrinskoye license is located 5 km from VM. The Dobrinskoye field is a producing gas and condensate field. A Gas Processing Unit ("GPU") built at the Dobrinskoye field site has been upgraded and is being used to process gas from both the Dobrinskoye and VM fields. Further modifications are in train to increase the permitted capacity of the GPU to facilitate full scale production from both fields. Urozhainoye-2 license was purchased at a government auction in September 2007. The license covers 354km2 and is located approximately 15km to the north of the Company's Karpenskiy Licence Area and is in close proximity with up to several gas, condensate and oil fields. The Company continues to focus its efforts on growing production from the Vostochny Makarovskoye and Dobrinskoye fields, developing additional reserves at its Uzen oil field and exploring identified structures on the three main exploration blocks. The Company will also continue to seek potentially value accretive opportunities to acquire other oil, gas and condensate reserves. VM#1 production well Wellhead and flow lines at the VM#1 production well. Uzenskoye field Oil storage tanks at the Uzenskoye field site. Exploration drilling Drilling operations on a shallow (supra-salt) exploration well in the Karpenskiy licence area. Quick Links Home Regulatory News Board and Senior Management Corporate Governance Financial Calendar Contact Us Site Information Accessibility Privacy Terms and Conditions Disclaimer Sitemap Cookies Popular Downloads Annual Report 2016 pdf 6 MB Interim Report 2017 pdf 439 KB © 2013 Volga Gas plc. All rights reserved. Site designed by Emperor