In another 17 years the largest share of Russian crude will be produced at yet undiscovered fields
» In another 17 years the largest share of Russian…
The country’s oil and gas sector is developing the promising petroleum areas actively. By 2035, almost 60% of oil will be extracted from yet undiscovered hydrocarbon reserves, as informed by Andrey Patrushev, Deputy CEO of Gazprom neft.
Reportedly, the development of new deposits will allow compensating the fall in oil production in the Russian conventional hydrocarbon provinces. Also, according to the company representative, Russia’s future demand for fuel will be met owing to the Arctic offshore.
The Deputy CEO considers development of new shelf fields in the Kara and Barents Seas highly promising.
Novatek says ships 1st Yamal LNG cargo via Northern Sea Route
Russia’s largest independent natural gas producer, Novatek said Wednesday it shipped the first liquefied natural gas cargo from its giant Yamal LNG export plant via the Northern Sea Route. The 172,000-cbm ice-class LNG carrier Vladimir Rusanov left the Yamal LNG port in Sabetta on June 25 and is heading towards China, Mark Gyetvay, Novatek’s finance…
Putin vows tenfold Arctic shipping by 2025
Delivering his state-of-the-nation speech to the parliament on Thursday, Russian President Vladimir Putin highlighted the importance of speeding up the countries infrastructure developments. The Arctic plays a strategical important role in the plan. «A number of large-scale industrial projects in the Arctic have already been launched,» Putin said and ensured those projects meet the strictest…
Rosneft‒Gazprom Neft’s JV drills first deep well at Yamal-Nenets field
Messoyakhaneftegaz, a joint venture of Rosneft and Gazprom Neft, has completed the construction of its first deep well at the Vostochno-Messoyakhskoye field in the Yamal-Nenets Autonomous Area and plans to launch 10 more deep wells in 2018, RIA Novosti reported. “The initial inflow of 250 metric tons of oil per day has confirmed the high…