Monday, June 19, 2017

Russia claims new oil field discovered in the Arctic

Preliminary data indicate a new oil field has been discovered in an area said to hold at least a dozen promising reservoirs, Russian oil company Rosneft said.

Rosneft said three core samples from the Tsentralno-Olginskaya-1 well in the northern Laptev Sea showed "high oil saturation."

"On the basis of primary studies already, it can be concluded that a new oil field has been discovered, the volume of the resource potential of which is increasing as the drilling continues," the company said in a statement.

The well was the first drilled into the area by Rosneft, which holds 28 licenses in the Russian Arctic. The company boasted that it's success in the region has been "excellent" so far and said the preliminary estimate of the entire Laptev Sea reserve is more than 60 trillion barrels of oil equivalent.

Seismic surveys, which are used to get a better understanding of the reserve potential, reveal 14 promising oil and gas basins in the region, Rosneft added.

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