29 Sep '14, 9am

Rosneft touts major light oil find from “northernmost well in the world” in the Arctic

Rosneft touts major light oil find from “northernmost well in the world” in the Arctic 29 September 2014 Rosneft announced a major oil discovery at the East-Prinovozemelskiy-1 license area in the Kara Sea, following the successful completion of the drilling of the northernmost well in the world—the Universitetskaya-1 well. The Kara Sea is part of the Arctic Ocean north of West Siberia. The drilling was completed in record time: one and a half months, the company said. Click to enlarge. 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 million tonnes of oil [approximate...

Full article: http://www.greencarcongress.com/2014/09/20140929-rosneft....

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