Barents Sea Driller Seeks Partner

Barents Observer
Monday, June 11, 2012

Russia's Gazprom Neft seeks foreign partner to exploit fossil fuel reserves in the Pechora Sea (southernmost part of the Barents Sea)

The Prirazlomnoye field will be the first offshore oil field in the Russian Arctic to start production. After numerous postponements, the field is now to start producing oil early 2013 reports the 'Barents Observer'.

Russia’s third biggest oil producer is negotiating with foreign companies over a possible partnership at the Dolginskoye field.

“We believe it will be right to include partners in order to share and reduce the technological risks,” company President Aleksandr Dyukov told journalists. He confirms that negotiations are being held with several companies, but does not want to name the candidates, Oilru.com reports.

Gazprom Neft, a subsidiary of Gazprom, in 2010 took over the licenses to the Dolginskoye field, as well as the Prirazlomnoye field, from its mother company. Gazprom had got the licenses to the fields, both of them located in the oil-rich Pechora Sea, in 2005.

According to the license agreement, which was renegotiated in 2011, the company will have to launch the field by year 2020. The field holds an estimated of 130-140 million tons of oil, and annual production is believed to be an annual seven million tons. The Dolginskoye is located close to the Prirazlomnoye field, north of the Nenets Autonomous Okrug.

Company representative Vladimir Vovk in 2011 described the field as “a 90 km long colon” and said that engineers still need to work on suitable solutions for platforms, wells and objects in the area.

 


 


 


 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

POSH Bags Shell FLNG Contract

Singapore’s offshore marine services provider PACC Offshore Services Holdings Ltd. (POSH) has been awarded a contract to support Shell’s Prelude floating liquefied

US Oil Drillers Cut Rigs after 3 Weeks of Additions

U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices

Subsea 7 Announces PLSV Swap off Brazil

Subsea 7 S.A. said it has reached an agreement with Petrobras to substitute a pipelay support vessel (PLSV) working off Brazil.   The agreement will see the Subsea-7-owned

Energy

VEB Guarantees $3 Bln of Yamal LNG Debt

Russian development bank VEB said on Friday it had provided a guarantee for $3 billion of debt to the Yamal liquefied natural gas (LNG) project, led by Russian gas firm Novatek.

US Oil Drillers Cut Rigs after 3 Weeks of Additions

U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices

World Stocks Tumble as Britain Votes for EU Exit

Global capital markets reeled on Friday after Britain voted to leave the European Union, with $2 trillion in value wiped from equity bourses worldwide, while money

Arctic Operations

VEB Guarantees $3 Bln of Yamal LNG Debt

Russian development bank VEB said on Friday it had provided a guarantee for $3 billion of debt to the Yamal liquefied natural gas (LNG) project, led by Russian gas firm Novatek.

Ocean Cleanup Prototype Set for a Test Run

The first ocean cleanup system ever tested at sea will soon be deployed for trials 23 kilometers (12 NM) off the Dutch coast. The goal of the test is to see how

Amid Melting Arctic Ice, Kerry sees Looming Climate Catastrophe

Standing near Greenland's Jakobshavn glacier, the reputed source of the iceberg that sank the Titanic over a century ago, U.S Secretary of State John Kerry saw evidence of another looming catastrophe.

 
 
Maritime Careers / Shipboard Positions Pipelines Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0914 sec (11 req/sec)