Gazprom leads Russia in shelf development

June 30, 2014

With the launch of the Prirazlomnaya field in the Pechora Sea (60 kilometers from Varandey in the Nenets Autonomoous District), Gazprom has begun work on the Arctic shelf as a center of production, Gazprom CEO Aleksey Miller said during the company's annual shareholders' meeting in Moscow.

Miller clarified that oil in this area was being produced in the middle of ice-swept seas. The project is the first for producing hydrocarbons in the Russian Arctic. Miller added that Gazprom was Russia's leader in developing the Arctic shelf and in underwater gas production.

In 2013, the company received 17 licenses for fields on the shelf in the East Siberia, Chukotka, Barents and Karsk seas. These fields are estimated to hold reserves of nearly 17.3 trillion cubic meters of gas and 1.3 billion tons of liquid hydrocarbons.

Copyright, ProNedra, 2014г.