Russia's Rosshelf sets timetable for arctic offshore field development

Journal Article · Mon Feb 22 04:00:00 EST 1993 · Oil and Gas Journal; (United States)

OSTI ID:6062647

Russia's ambitious new petroleum firm Rosshelf has disclosed a proposed timetable for developing two offshore arctic fields. The upstart domestic joint stock company, formed only last year, also has indicated that its interest in tapping resources on Russia's northern shelves extends far beyond the pair of arctic fields currently earmarked for development: the Barents Sea's super-giant Shtokmanovskoye gas/condensate reservoir and the Pechora Sea's much smaller Prirazlomnoye oil field for which it has been granted development rights. Rosshelf officials said Shtokmanovskoye should be on production by 2000 if development begins by the end of 1993. Meanwhile, Rosshelf has set a target date of 1997 to start production from Prirazlomnoye oil field in the Pechora Sea, a southeast arm of the Barents Sea. The paper describes future targets, Rosshelf victory over its competitor, cost and financing, and expected yields from the Shtokmanovskoye and Prirazlomnoye fields.

• OSTI ID: 6062647
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 91:8; ISSN OIGJAV; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020300* -- Petroleum-- Drilling & Production
03 NATURAL GAS
030300 -- Natural Gas-- Drilling
Production
& Processing
CONDENSATES
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ENERGY SOURCES
EUROPE
FINANCING
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS CONDENSATES
GAS FUELS
GASES
GEOLOGIC DEPOSITS
INDUSTRY
LIQUIDS
MINERAL RESOURCES
NATURAL GAS
NATURAL GAS DEPOSITS
NATURAL GAS FIELDS
NATURAL GAS LIQUIDS
OFFSHORE SITES
OIL FIELDS
PETROLEUM
PETROLEUM DEPOSITS
PETROLEUM INDUSTRY
PLANNING
PRODUCTION
RESOURCE DEVELOPMENT
RESOURCE POTENTIAL
RESOURCES
RUSSIAN FEDERATION
SCHEDULES