Rosneft readies more Kara Sea mapping

Western sanctions have created major problems for Rosneft’s Arctic drilling plans. (Rosneft)
Western sanctions have created major problems for Rosneft’s Arctic drilling plans. (Rosneft)
The oil company will this year spend 764 million rubles (€13,2 million) on seismic mapping in the Kara Sea.

Hit by sanctions and low oil prices, the Russian oil major still continues its bid to explore Arctic waters. In an announcement, the company now offers bidders a contract on seismic mapping of the Severo-Karskoye license area, a structure located in the northeastern part of the Kara Sea.

The contract will be worth 764 million rubles and cover 2D mapping in the period 20th July 2015 to 25 February 2016, reports with reference to RIA Novosti.

As previously reported, Rosneft will this year not conduct any well drilling in the Kara Sea, nor in other parts of the Arctic.

In addition, the company has requested government for a two years extension of license terms in 12 offshore Arctic projects.

In 2014, Rosneft together with ExxonMobil completed a unique drilling operation at the University-1 structure. The drilling revealed 130 million tons of oil resources and the well was subsequently named “Pobeda” (Victory).

Related stories from around the North:

Canada:  Canada ponders exceptions to relief well rule for Arctic oil drilling, Alaska Dispatch

Finland: Finns still sharply divided over wind power, Yle News

Greenland: Arctic oil and gas must stay in ground to restrict warming to 2°C says study, Blog by Mia Bennett

Iceland:  From Arctic Circle 2013-2014, a big drop in the price of oil, Blog by Mia Bennett

Norway: Oil, Industry and Arctic Sustainability, Deutsche Welle’s Ice-Blogger

Russia:  Russian drillship returns to Arctic, Barents Observer

Sweden: Lower electricity bills for Swedes, Radio Sweden

United States: U.S. agency explains report on Arctic oil spills, Alaska Dispatch News

Atle Staalesen, The Independent Barents Observer

For more news from the Barents region visit The Independent Barents Observer.

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