Zarubezhneft ‘in Peschanoozerskoye driving seat’

by on September 25, 2012 10:43 am GMT

Zarubezhneft general director Nikolai Brunich confirmed the company would maintain production from the Peschanoozerskoye field during a visit to the land-based facilities on remote Kolguyev island last week, the Barents Observer reported, citing a release from the Nenets regional administration.

Murmansk-based Arktikmorneftegazrazvedka has been producing about 740,000 barrels of light oil annually from the field, which was brought on stream in 1987, with 49 wells drilled to date.

Zarubezhneft is focusing increasingly on Arctic operations while another state-owned company, Rosneft, has struck exploration pacts with ExxonMobil, Statoil and Eni as Russia targets vast untapped offshore resources in the region.

Meanwhile, Gazprom Neft Shelf, a subsidiary of Russian gas giant Gazprom, is gearing up to launch the country’s first Arctic offshore production later this year at the Prirazlomnoye oilfield in the Pechora Sea, where the Prirazlomnaya platform was recently targeted in a protest by Greenpeace activists.