Reserves
The in-place oil reserves of the Samotlor field were equal to 55 billion barrels (8.7×109 m3) and as of 2009 estimated at 1 billion barrels (160×106 m3). The proven reserves are approximately 44 billion barrels (7.0×109 m3). The field is 80% depleted with water-cut exceeding 90%.
At the end of 1990s, production rate dropped to 300,000 barrels per day (48,000 m3/d). However, through an aggressive exploration program and application of cutting-edge technologies TNK-BP had raised production up to 750,000 barrels per day (119,000 m3/d). Up to 2012, TNK-BP plans to invest US$1 billion per year for maintaining oil production in it at the level of 30 million tons per year.
Read more about this topic: Samotlor Field
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