Gazprom Neft ships 110 thousand tons of oil from Arctic field

Gazprom's logo. (Yuri Kadobnov/AFP/Getty Images)
Gazprom’s logo. (Yuri Kadobnov/AFP/Getty Images)
Gazprom Neft ships 110 thousand tons of oil from its Novy Port field.

The company this winter successfully sent seven tanker loads of oil from the Novy Port field to the world markets. The total volume of oil amounted to 110,000 tons, a press release informs.

It is the first year with comprehensive winter shipping of oil from the oil field, one of the biggest in the Yamal Peninsula. The shipments were conducted with support from Rosatom’s nuclear icebreaker fleet.

Gazprom’s first winter NSR oil shipment

As previously reported, Gazprom Neft in February this year conducted its first winter shipment of oil along the Northern Sea Route.

“The long-term strategy of the company envisages bigger Arctic extraction both on land and at sea”, company Board Chairman Aleksandr Dyukov says. “These projects continue to be under development  and will in few years time account for a significant share of the company’s extraction”, he adds.

Boosted production

Gazprom Neft intends to boost production at the field to 5,5 million per year. The oil is pipelined from the inland deposit to the Cape Kammeny on the coast of the Ob Bay. From there, the oil is taken by tankers to the markets.

The company is in the process of constructing a full-fledged terminal facility at Cape Kamenny, and is also building a second pipeline connection between the field and the terminal. A 600,000 ton capacity pipeline already exists.

Related stories from around the North:

Canada:  Arctic drilling doesn’t just effect the Arctic say Greenpeace campaign participants, Eye on the Arctic

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:  Norway surpasses Russia as top gas supplier, Barents Observer

Russia: Parallels drawn between space race and Arctic offshore development, Blog by Mia Bennett

United States: Assessment board values Alaska pipeline at billions more than oil companies do, Alaska Dispatch News

Atle Staalesen, The Independent Barents Observer

Atle Staalesen, The Independent Barents Observer

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

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