Murmansk still pins future to Arctic offshore oil

August 11, 2015

The Russian offshore oil and gas industry is close to a collapse. But Murmansk still pushes forward with its grand plans for an Arctic petroleum base.

Irrespectively of the aggravating crisis in the industry, the Northwest Russian region appears as committed as before to become a new hub for Arctic drilling. In a meeting with high-level Rosneft representatives, Murmansk Governor Marina Kovtun confirms her region’s current active elaboration of a comprehensive cooperation programme with the company. The key element in that program is the development of a major base facility for offshore operations.

As previously reported, that new base will be located in Roslyakovo, the town which until recently had status as a closed military territory controlled by the Northern Fleet.

The new base will have the capacity to anually serve operations connected with as many as 70 geological exploration wells, including service of production platforms, a press release from the Murmansk regional government reads.

According to Rosneft Vice President Vlada Rusakova, several foreign companies are involved in the project, among them the General Electric and Norwegian engineering enterprises. Among the Norwegian contributions will be a construction plant for concrete modules for oil platforms and LNG plants, Rusakova says.

Copyright, Barents Observer, 2015.