Matra Petroleum completes seismic survey on Sokolovskoe oil field
Matra Petroleum announced on Tuesday it has completed the seismic survey on its Sokolovskoe oil field in Orenburg, Russia.
Matra Petroleum announced on Tuesday it has completed the seismic survey on its Sokolovskoe oil field in Orenburg, Russia.
Field works were carried out on the prospect, including a survey of 100 kilometres of 2D seismic and 60 square kilometres of 3D seismic.
The company said seismic results revealed the complexity of the field configuration compared to what was previously mapped as one big structure.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
It identified that the Aphoninsky reservoir of the Sokolovskoye field splits into four separate domes within the boundaries of the license area from south-west to north-east.
"The improved understanding of the Sokolovskoe oil field will be extremely valuable as we assess the future potential of the field and how to best allocate Matra's resources going forward,"said Chief Executive, Maxim Barskiy.
Matra will now prepare a field development plan for Sokolovskoye field.
Upon completion, Matra will commission an independent competent persons report which will provide an updated reserves figure for the areas drilled by wells A-12 and A-13 as well as a resources estimate for the prospective structures.
RD
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
The five insurance policies you should have
Some insurance cover will be more important than others. We look at five insurance policies you may need to have to make sure you aren’t caught out in an emergency
-
Is Donald Trump putting the US dollar in danger?
Donald Trump's administration sees one of its greatest advantages – the US dollar – as a burden. Gold is the obvious beneficiary, says Cris Sholto Heaton.