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OIL AND GAS
More oil pulled from far north Russia
by Daniel J. Graeber
Moscow (UPI) Aug 10, 2016


disclaimer: image is for illustration purposes only

A Russian energy company said it boosted its daily production levels from an Arctic oil field after the completion of drilling two new wells.

A subsidiary of Russian oil company Gazprom Neft said in an emailed statement that four wells were now in production at the northern Prirazlomnoye field after two were successfully started. Production from an ice-resistant offshore rig perched in the Pechora Sea has now passed 43,980 barrels of oil per day.

The full-field development plan calls for 32 wells.

In March, the company said it reached a milestone with the production of its 10 millionth barrel of oil at the Prirazlomnoye field. Gazprom Neft revised its production schedule higher after a review of data found annual peak production rates could reach 35 million barrels.

Oil from the field is transported by two doubled-hulled tankers designed to ensure safe delivery from the Arctic north. Discovered in 1989, the Prirazlomnoye is roughly 35 miles from shore in the Pechora Sea.

Advocacy groups like Greenpeace have been critical about oil operations in the extreme climates of the Arctic north, saying an oil spill in the region would be catastrophic and difficult to control. Gazprom Neft said production is planned around what it described as stringent environmental safeguards.


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Previous Report
OIL AND GAS
Russia sees tighter energy ties with Iran, Azerbaijan
Baku, Azerbaijan (UPI) Aug 9, 2016
Projects meant to exploit the strategic position of the Caspian Sea and its oil and natural gas are national priorities, Azerbaijan, Iran and Russia said. The Iranian and Russian presidents met with their Azeri counterpart in the nation's capital, Baku, to review trilateral relations. All three are energy rich and positioned to take advantage of opportunities in the Caspian Sea. ... read more


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