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    Rosneft Reports Gas Finds in Kara Sea

Summary

Rosneft says it can establish a new cluster for oil and gas production in the area.

by: Joe Murphy

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Natural Gas & LNG News, Europe, Premium, Corporate, Exploration & Production, News By Country, Russia

Rosneft Reports Gas Finds in Kara Sea

Russia's Rosneft has made a pair of gas discoveries in the Arctic Kara Sea following a drilling campaign near the 2014 Pobeda oil find.

In a statement on December 9, Rosneft said it found a 800bn-m3 gas field after drilling into the Vikulovskaya structure at the Vostochno-Prinovozemelsky-1 licence area to a depth of 1,621 m. The company then announced on December 15 it had made another find at the Vostochno-Prinovozemelsky-2 area, containing 514bn m3 of gas and 53mn metric tons of condensate. 

The Pobeda find is assessed to be 130mn mt of oil and 422bn m3 of gas in size. Rosneft drilled into the field with US partner ExxonMobil, which was forced to exit the project later because of US sanctions. Pobeda and the two new discoveries make it possible to establish a new cluster for oil and gas production in the area, Rosneft said.

Overall, the company estimates it has found more than 30 promising structures at its three Vostochno-Prinovozemelsky licences.