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• Area Overview
• Cameroon: Logbaba
• Kazakhstan: Kemerkol
• Russia: West Medvezhye
• Falcon Option

Kazakhstan: Kemerkol

In 2005 Victoria acquired 100% of the Kemerkol exploration and production licence, located in the Atyrau Oblast of Western Kazakhstan close to a number of existing oil and gas fields. Kemerkol is a 65 square kilometre oil field with 8.7 million barrels of proven C1 reserves and 26.3 million barrels of C2, with a further C3 resource of 25.1 million barrels.

		In March 2006, Victoria began to produce first oil from Kemerkol following the successful re-entry of Well 20. During the following 18 months, production was incrased with further drilling and reach over 450 barrels of oil er day during 2007.
Production from the field has been temporarily suspended following a legal challenge to Victoria's ownership of Kemerkol during 2008. The Company believes that this challenge is totally without legal merit and is seeking to establish its good title to the asset in the Kazkh Courts, whilst considering damage claims in the UK Courts.