RUSSIA

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Hispania holds a 50% working interest in the license contract for Gariushkinskoye and Turkinskoye fields in the Cama Basin located in region of Perm.

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Gariushkinskoye

The field covers 5223 hectares, the company’s ongoing drilling campaign has already involved over 70 development wells and 34 exploratory wells

 

Turkinskoye

Turkinskoye field is spread over 1100 hectares. To date 6 exploratory wells and 16 development wells have been drilled.

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In 2006 a seismic acquisition campaign was carried out in Gariushkinskoye field. The interpretation of the processed seismic determined that the field’s reserves are higher than initially established, allowing for significant additional development wells and secondary recovery opportunities.