Regulatory News

ITAR-TASS Wednesday, September 28, 2011

The experience of implementing oil and gas projects in the Sakhalin region should be used in the development of offshore fields in Eastern Arctic, Sakhalin region governor Alexander Khoroshavin said on Wednesday. According to him, the experience of Sakhalin organisations in the development of deposits on the Arctic shelf may prove invaluable.

He said that new technologies in well drilling, construction of oil and gas platforms, onshore processing facilities installation, etc., were for the first time used on the Sakhalin shelf in the difficult climate conditions. He noted that the issue of joint development of the Eastern Arctic shelf by Rosneft and the American Exxon Mobil company has been discussed at the Sakhalin Oil and Gas-2011 Conference that opened in Yuzhno-Sakhalinsk on September 27.

The Sakhalin Oil and Gas Conference has been annually called for 15 years. Nine times the events were held in London, and for the past six years the forum's venue was Yuzhno-Sakhalinsk. "It is extremely important that during the years of the Sakhalin Oil and Gas

Conference the prestige of the Sakhalin region as a new international-scale centre of oil
and gas industry, which is based on large-scale projects - Sakhalin-1 and Sakhalin-2, has considerably strengthened in the eyes of the world and Russian public," Khoroshavin said at the opening of the Sakhalin Oil and Gas 2011 conference on Tuesday. Khoroshavin noted that the achievements in the field of oil and gas industry are based on the implementation the Sakhalin-1 and Sakhalin-2 offshore development projects. At present, the annual output of oil and gas under the Sakhalin projects has stabilised: some 15 million tonnes of oil and 24 billion cubic metres of gas are produced annually.

Speaking at the conference on Tuesday, Director General of the RN-Shelf Far East joint-stock company Lev Brodsky said that "East Arctic is practically unexplored. And its fields' reserves are enormous. For the next 10 years it is the development of this particular territory that will determine the development of the oil and gas industry in the East of Russia, and it is necessary to pay attention to the major experience in the development of Sakhalin deposits, to use the existing infrastructure."

RN-Shelf Far East CJSC engages in drilling exploration wells at Sakhalin-3's Venin block. The company manages the offshore operations in the Sea of Okhotsk. The company is based in the Russian Federation. RN-Shelf Far East CJSC operates as a subsidiary of Rosneft Oil Company.

Waters of the East Arctic seas cover a total area of 1,080 square kilometres. The Laptev and East-Arctic perspective oil and gas provinces, the Ust-Indigirka and South Chukotka perspective oil and gas areas are located within them. Initial total in place resources of the Laptev Sea, East Siberian Sea and Chukchi Sea (Russian sector) water space, although fall within the category of problematic by virtue of their poor exploration, account for 72 percent of all initial total in place resources of the East of Russia.

The Siberian Shelf, one of the Arctic Ocean coastal shelves (such as Milne Ice Shelf), is the largest continental shelf of the Earth, a part of the continental shelf of Russia. It extends from the continent of Eurasia in the general area of North Siberia into the Arctic Ocean. It stretches to 1500 kilometres (930 miles) offshore. It is relatively shallow, with average depth of 100 m. A number of islands are within the shelf, including the Wrangel Island, Novaya Zemlya, and the New Siberian Islands. It is encompassed by the Kara Sea, Laptev Sea, and East Siberian Sea, and respectively subdivided into the Kara Sea Shelf, Laptev Sea Shelf, and East Siberian Shelf. Eastwards it merges into the Chukchi Shelf (of the Chukchi Sea) shared by Eurasia and Alaska (i.e., by Russia and the United States). Westwards it merges into the Barents Shelf of the Barents Sea. Also, the New Siberian Islands and the New Siberian Rift Basin define the New Siberian Shelf. According to the split of the high Arctic by the Lomonosov mid-ocean ridge into the Eurasian Basin and Amerasian Basin, the Siberian Shelf is split between the Eurasian Shelf and the Amerasian Shelf.


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