Thursday, February 18, 2021

"Igor Sechin: New Arctic oil discoveries are world's biggest" (of 2020)

From The Barents Observer:

The top Russian oilman says his company's three far northern finds were world's biggest in 2020. The international green shift will not hamper field development, he told President Putin. 

Rosneft leader Igor Sechin on Monday made another visit to the Kremlin, his fifth in a year, and the Vostok Oil project was again on the top of the agenda.

The Taymyr Peninsula is now top priority for the state-owned oil company, and the the Vostok Oil project a key part of the Kremlin’s plans for Arctic development and the Northern Sea Route.

The far northern project includes at least 15 fields in the Taymyr region, including several wells in the Vankor area.

Biggest in 2020

According to Sechin, Rosneft made the world’s three biggest oil and gas discoveries in 2020, and they were all made in the Russian Arctic. Among them is the Zapadnno-Irkinskoye field that holds more than 500 million tons of oil....

....MUCH MORE

I had to put the "of 2020" in the headline lest some algo somewhere think there's another Ghawar about to come on line and we crash the European oil markets and...saaaay...