Russia’s only offshore oil-producing field in the Arctic, the Prirazlomnoye, reaches the 300,000 ton production limit.
With the production figure, Gazprom Neft meets its previously announced production level at the Arctic field. The company has repeatedly said that it intended to produce 300,000 of Prirazlomnoye oil in 2014.
A tanker in early January completed the delivery of Prirazlomnoye oil, the fourth shipment from the field, Oilru.com reports.
Production at the field started up in December 2013. Field reserves are estimated to about 72 million tons of oil and peak production of five million tons is planned for about 2020.
In 2015, the drilling of another four Prirazlomnoye wells are planned, Oilru.com reports.
As previously reported, Prirazlomnoye is the world’s first project involving oil extraction on the Arctic shelf using a stationary platform. The field platform received the world’s attention in September 2013, when two journalists and 28 activists from Greenpeace, later dubbed “the Arctic 30”, were arrested and imprisoned in Murmansk for over two months following a protest against Arctic drilling.
Related stories from around the North:
Canada: Will Russia’s actions in Ukraine affect relations in the Arctic Council?, Eye on the Arctic
Finland: Rouble collapse hits Finland, Forex stops buying Russian currency, Yle News
Greenland: Arctic oil and gas must stay in ground to restrict warming to 2°C says study, Blog by Mia Bennett, Cryopolitics
Iceland: From Arctic Circle 2013-2014, a big drop in the price of oil, Blog by Mia Bennett
Norway: Currency drama has little impact on tourism in Barents region, Barents Observer
Russia: Russia’s former prime minister suggests pause in Arctic oil & gas projects, Barents Observer
Sweden: Falling oil prices benefit Sweden, Radio Sweden
United States: Oil prices expected to stay low through 2016, Alaska Dispatch News