Current Soviet Exploration Plays: Success and Potential

Abstract

Soviet hydrocarbon exploration in the 1980s took four distinct directions. First was extension exploration and the search for smaller new fields in discrete traps in traditional producing regions, such as the Apsheron Peninsula, North Caucasus, and Volga-Urals. This strategy produced a large number of small discoveries close to established infrastructure. Second was new field exploration in West Siberia in the stratigraphically complex Jurassic and the lower Neocomian sections. Third was expansion of the prolific gas plays in northern West Siberia. Exploratory success in West Siberia has created a backlog of several hundred discoveries awaiting full delineation and development. Most of these fields are distant from the established oil production center in the Middle Ob region and, therefore, may remain in inventory. Fourth was initial tests of new exploration frontiers, most important, the Paleozoic and Mesozoic plays of the Barents and Kara seas and the subsalt plays of the North Caspian basin. While these plays have yielded very important discoveries, significant technological barriers impede their development. The outlook for Soviet oil exploration in the 1990s is for significant opportunities for discovery of large volumes of oil, but at radically increasing exploration and production costs. In established regions, these costs arise frommore » small field sizes and low well productivities. In frontier regions, exploitation of new fields will require technology not currently available in the USSR. The outlook for gas exploration continues to be very bright, as the onshore northern West Siberia is not fully explored and initial results from the Barents and Kara seas promise more very large gas discoveries.« less