The “Bazhenov formation” refers to a specific geological stratum identified in the centre of Western Siberia, running to depths of 2,000–3,000 metres. While the stratum covers an area of approximately one million square kilometres, it is comparatively thin, with a thickness of only 10–40 metres. Estimates suggest that oil reserves at the Bazhenov reservoir could amount to as much as 100–170 billion tonnes in Western Siberia alone.

The Abalak formation consists of offshore and coastal sedimentary deposits, lying beneath the Bazhenov formation and, in some instances, abutting it. The full extent of the Abalak formation covers the Krasnoleninsky deposit, the Surgut oil and gas region, and the Uvatsky deposits. The deposit thickness in sedimentary folds is from 20 to 90 meters.