Rosneft postpones Kara Sea drilling

Offshore staff

MOSCOW – Rosneft says it will postpone operations in the Kara Sea until 2016, according to a Reuters report. At that point operations will depend upon whether a suitable drilling rig can be contracted.

Rosneft already canceled contracts on several offshore support vessels in late 2014.

This move comes after ExxonMobil left the project following US Treasury Department sanctions against cooperating with Russia on Arctic exploration.

It also follows reports of a discovery of the new Pobeda oil and gas field on the Kara Sea shelf at the Universitetskaya 1 well, said to be the northernmost well ever drilled. The well was drilled in open-water conditions – at the 74th circle of longitude, 250 km (155 mi) off the Russian Federation.

Rosneft has reported Pobeda reserves at 130 MM tons of oil and 499 bcm of gas. The gas is in the chalk deposits of Cenomanian Age and Apt-Alb Age, the oil reserves are in Jurassic sediments.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...