April 2014, Vol. 241 No. 4

Features

Prirazlomnoye: Russia's First Arctic Offshore Field Begins Production

Gazprom announced In December the start of oil production from the Prirazlomnoye Field. It is the first Russian project for developing Arctic shelf reserves and the beginning of Gazprom’s large-scale activities aimed at creating a large hydrocarbon production center in the region. The oil field is located 60 km offshore in the Pechora Sea. Recoverable oil reserves are estimated at 72 million tons; projected oil production is expected to be 6 million tons per annum (to be reached after 2020). The first oil shipment from is expected shortly and plans are to produce at least 300,000 tons of oil throughout the year. The Prirazlomnoye Field is the first in the world where hydr

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