According to Vladimir Krinin, deputy director for geology and geophysics of Vankorneft, testing of well #1 on Baikalovskiy block resulted in natural flow production of hydrocarbons from 2,000-2,700 meters interval with daily gas production over 60,000 cubic meters and daily oil and condensate production over 25 cubic meters what proved the discovery of a new field.

Tests are currently continued and, according to preliminary estimates of geologists, field’s minimum oil reserves are 55 million tonnes and minimum gas reserves are 99 bcm. Application documents are now prepared to register the discovery.