Russian Rosneft Discovered a New Oil Field in the Kara Sea

Moscow, 27 Sep (Prensa Latina) Rosneft successfully completed the drilling of the northernmost well in the world - the Universitetskaya-1 well in the Arctic.

According to the results of the drilling Rosneft has made an oil discovery at the East-Prinovozemelskiy-1 license area. The drilling was completed in record-breaking time, in one and a half month, in compliance with all the technological and ecological standards and requirements.
Source:plenglish     Time:28 Sep 2014
Moscow, 27 Sep (Prensa Latina) Rosneft successfully completed the drilling of the northernmost well in the world - the Universitetskaya-1 well in the Arctic.

According to the results of the drilling Rosneft has made an oil discovery at the East-Prinovozemelskiy-1 license area. The drilling was completed in record-breaking time, in one and a half month, in compliance with all the technological and ecological standards and requirements.

As a result of the drilling formation samples were obtained, a pilot borehole was drilled (diameter 8.5 inches to a depth of 600 m) and horizontal drill samples were collected. Specialists obtained substantial amount of new geological data which will be elaborated. Upon the completion of the analysis a conclusion on the resource base of the discovered field can be made.

At the moment the geological data interpretation is being conducted, the fielda??s development model is being elaborated. The security and fail-safety of the operations of future drilling is guaranteed by the landing of 5 columns.

During the ceremony dedicated to the completion of the drilling the head of Rosneft Igor Sechin said: "I can inform you about the discovery of the first oil/gas-condensate field in the new Kara sea oil province. The first oil was extracted. It is an astonishing sample of light oil, which based on the results of the analysis performed, is comparable to the Siberian Light oil.

The resource base estimate of just this oil trap is 338 bcm of gas and more than 100 mln tones of oil. And this is just the estimates of this very structure. This is an outstanding result of the first exploratory drilling on a completely new offshore field.

The Universitetskaya structure covers an area of 1,200 thousand kilometers with a 550 m high hydrocarbon trap. Its resources account to more than 1.3 billion tons of oil equivalent. A total of some 30 structures were found in three East Prinovozemelskiy areas of the Kara Sea, and the entire resource base of the three areas is estimated at 87 billion barrels or 13 billion tonnes of oil equivalent.

According to experts the volume of the Kara Sea oil province resources exceeds the oil and gas resources of the Gulf of Mexico, the Brazilian shelf, the shelf of Alaska and Canada, and it will be comparable to the resource base of Saudi Arabia.
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