Russian energy major Rosneft
has announced the discovery of a huge oil deposit in the Pechora Sea
containing an estimated 82 million tons of oil.
The field was
discovered thanks to a drilling campaign in the Medynsko-Varandeysky
area. “During the tests, a free flow of oil was obtained with a maximum
flow rate of 220 cubic meters a day,” the company’s statement read on
Wednesday, noting that the “oil is light, low-sulfur, low viscosity.”
Rosneft
noted that the exploration works in the waters of the Pechora Sea
proved the “significant oil potential of the Timan-Pechora province on
the shelf and became the basis for continuing the study and development
of the region.”
The company reportedly controls a total of 28 offshore licenses in the Arctic, eight of them in the Pechora Sea
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