News

Prospects

In the short terms “Oil Company “Northern Radiance” Ltd plans to carry out supplementary explorations on 4 license blocks using presentday technologies of oil search, as a result of which the level of geological resources and reserves will be doubled.

The Company plans to carry out no less than 10 branch holes spud-ins on producing and newly added fields, to switch 10 wells to dual completion production, to drill 23 new wells and carry out over 50 operations on bottom-hole treatment.

The strategic aims of “Oil Company “Northern Radiance” Ltd are to reach planned oil extraction levels, raise the usage of casinghead gas to 100%, increase the resource base and provide high living standards to the company staff and the region of the Company’s activity.