Russia Ships First Oil From Offshore Arctic Platform

Posted by Greg Trauthwein
Friday, April 18, 2014
(Image: http://media.gazprom-neft.com)
President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.
 
Gazprom Neft, the oil arm of Russia's top gas producer Gazprom, shipped the first 70,000 tonnes of oil by tanker from the Prirazlomnoye platform, the site of a protest by 30 Greenpeace activists who were arrested last year.
 
The launch of oil production in the Arctic, seen by Russia as one of the key sources in the gradual replacement of output from its depleted West Siberian fields, has long been delayed due to cost overruns and technical difficulties.
 
"This, in essence, is the beginning of great and large-scale extraction of minerals and oil by our country in the Arctic," Putin said, speaking from his residence outside Moscow via a video link with workers at the platform, including Gazprom's head Alexei Miller.
 
"The whole project will positively influence Russia's future presence on the global energy markets and will strengthen both the whole economy and the energy sector," said Putin, who personally oversees all the major energy projects in country.
 
Russia's oil output stands at over 10 million barrels per day, the world's largest, but it needs new sources of crude oil, including hard-to-recover deposits and the Arctic, to sustain this level.
 
 
ARCTIC RESOURCES
 
The start of Arctic oil shipments drew strong criticism from the environmental group Greenpeace, whose protests against Prirazlomnoye last year led to the arrest of 30 activists who were held for two months before a Kremlin amnesty released them.
 
"If we do not stop this Arctic oil rush, we risk not only the environment but our ability to shake off the power structures of the last century," Greenpeace International Executive Director Kumi Naidoo said in a statement.
 
"Greenpeace, alongside millions of our supporters, will continue to stand against any oil company that tries to drill in the melting Arctic ocean.
 
The arrest of activists from 18 countries, who faced up to 15 years in jail on piracy charges, drew criticism from Western nations and celebrities such as ex-Beatle Paul McCartney.
 
The recoverable oil reserves of the Prirazlomnoye field, located 60 kilometres (37.5 miles) off Russia's northernmost shores, are estimated at 72 million tonnes.
 
Gazprom Neft said on Thursday that the expected level of the output is seen at 6 million tonnes a year (120,000 barrels per day) from after 2020.
 
Rosneft, Russia's top oil producer, has agreed to develop Russian Arctic hydrocarbon resources with ExxonMobil , Eni and Statoil.
 
It puts total offshore hydrocarbon resources at 43 billion tonnes of oil equivalent.
 
The Arctic is estimated to contain 20 percent of the world's undiscovered hydrocarbon resources. Rosneft's projects are not expected to produce their first oil from Arctic waters before the middle of the next decade.
 
(By Alexei Anishchuk, Reporting by Alexei Anishchuk; Writing by Vladimir Soldatkin; Editing by Tom Heneghan, Reuters)
 

Maritime Today


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

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

People & Company News

Singapore Exchange in Talks to buy Baltic Exchange

Baltic Exchange privately owned by 380 shareholders. The Singapore Exchange (SGX) is in exclusive talks to buy London's Baltic Exchange, which has been at the

Euroseas Faces Headwinds, Reports Loss

Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes,

Iranian Port Deal: Modi's Masterstroke

Indian Prime Minister Narendra Modi signed a deal to develop the Chabahar port in Iran for which India will extend $500 million. The historic pact makes Chabahar

Offshore

Subsea Forestry: Separating The Wood From The Trees…

Over the course of the last 20 years, oil and gas companies have cultivated a vast metallic forest beneath the world’s oceans, consisting now of some 5,800 installed subsea trees,

Primeline Turns Against CNOOC

Primeline Energy Holdings Inc. announces that it has sent a letter to China National Offshore Oil Corporation (CNOOC) and CNOOC China Limited (CCL) (together CNOOC

Olympic Pact with Canyon Offshore

Norwegian offshore shipping company Olympic Shipping has entered into a frame agreement with Canyon Offshore for the joint marketing and subsequent operation of

Energy

Technip Bags Statoil's Umbilical Supply Contract

Technip’s wholly-owned subsidiary Technip Umbilicals Ltd.(1) has been awarded a contract by Statoil ASA to supply the umbilical(2) to the Oseberg Vestflanken 2 field offshore Norway.

Wood Group Bags Statoil MSA

Wood Group has been awarded an evergreen master services agreement (MSA) by Statoil to support the life cycles of its offshore  and onshore facilities. Work and

ABB Saves 700,000 tons Fuel for Marine Vessels

ABB’s environmental friendly Azipod propulsion system brings greater fuel efficiency to diverse shipping segments ABB today announced the total fuel savings

People in the News

Nordic Shipholding Profits below Market Expectations

For the 3 months ended 31 March 2016, Nordic Shipholding A/S generated a profit after tax of USD 1.5 million, compared to USD 2.7 million in the same quarter last year.

Mount Whitney Makes History

USS Mount Whitney (LCC 20), the U.S. 6th Fleet flagship, made history today as the first amphibious command ship to have an MV-22B Osprey land on its flight deck, May 23, 2016.

Damen Unveils Multi-role Utility Vessel 2410

Work is due to start shortly on the first of a new class of Damen utility vessel UV2410. This multi-role platform is the result of extensive consultation with

Arctic Operations

Technip Bags Statoil's Umbilical Supply Contract

Technip’s wholly-owned subsidiary Technip Umbilicals Ltd.(1) has been awarded a contract by Statoil ASA to supply the umbilical(2) to the Oseberg Vestflanken 2 field offshore Norway.

Life Extension for World’s Oldest Icebreaker

A comprehensive dry docking and life extension plan has been set out for the 62-year-old Finnish icebreaker Voima, continuing its run as the world’s oldest operational icebreaker.

Research Vessel Polarstern Returns to Bremerhaven

Antarctic season ends in the homeport after half a year Bremerhaven / Germany, 11 May 2016. on Wednesday, 11 May 2016, the research vessel Polarstern is expected

Offshore Energy

Technip Bags Statoil's Umbilical Supply Contract

Technip’s wholly-owned subsidiary Technip Umbilicals Ltd.(1) has been awarded a contract by Statoil ASA to supply the umbilical(2) to the Oseberg Vestflanken 2 field offshore Norway.

Damen Unveils Multi-role Utility Vessel 2410

Work is due to start shortly on the first of a new class of Damen utility vessel UV2410. This multi-role platform is the result of extensive consultation with

Subsea Forestry: Separating The Wood From The Trees…

Over the course of the last 20 years, oil and gas companies have cultivated a vast metallic forest beneath the world’s oceans, consisting now of some 5,800 installed subsea trees,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Pipelines Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction 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: 0.1888 sec (5 req/sec)