Schlumberger, Yukos To Create Field Development Planning Center in Moscow

Schlumberger Oilfield Services and Yukos have agreed on a three-year contract to create a field development planning center in Moscow.

Representative reservoir models created at the center will provide the basis for determining the most economical design for field development lowest operating cost and capital expenditure for highest recovery and production rate. Yukos will use the field development plans to produce drilling and workover programs, surface facility designs, environmental impact evaluations, economic evaluations, and secondary recovery plans.

The new Yukos center will serve as a key technology hub for the accelerated development of production and provide a training ground for Yukos engineering staff. Equipped with the latest in technology and software, the center will enable virtual real-time access to Yukos fields for high-speed decision-making.