October 3, 2008

Gazprom Planning to Open Kirinskoye Gas Field in 2014

YUZHNO-SAKHALINSK. Oct 3 (Interfax) - Gazprom (RTS: GAZP) plans to launch production at the Kirinskoye gas field, which is part of the Sakhalin-3 project, in 2014, Viktor Timoshilov, head of the company's eastern projects coordination department, said at an oil and gas conference in Sakhalin.

Gazprom will prepare design and estimate documentation in 2009- 2010, carry out seismic work and drill two wells, he said. "The field is expected to open in 2014," he said.

Gas reserves at the Kirinskoye field total about 70 billion cubic meters, he said. Gazprom will develop the field independently.

Under a governmental decree, Gazprom will also be given licenses for other blocks that are part of the Sakhalin-3 project, in particular the Vostochno-Odoptinsky and Ayashsky blocks, he said. The company's development plans for these sections will be announced after it receives the licenses.

Total reserves at these blocks amount to some 700 million tonnes of liquid hydrocarbons, of which gas accounts for roughly 80%.

The Russian government on September 1 ordered that Gazprom receive three blocks at Sakhalin-3 and the West Kamchatka shelf.

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