Putin gives green light to Russia's nothernmost oil field

Vladimir Putin expressed hope that the oil field will also help the development of Russian enterprises.

Russian President Vladimir Putin hopes that oil shipments from Vostochno-Messoyakhskoe field abroad will contribute to stability of the global energy market, he said on Wednesday at the ceremony of putting the new field into commercial operation.

The president said that the field will use oil pipeline Eastern Siberia - Pacific Ocean. Oil will be shipped to the domestic market as well as global markets, and will help the development of Russian enterprises, contribute to increasing stability of global energy markets. 

Vostochno-Messoyakhskoe oilfield with the license held by Messoyakhaneftegaz , the joint venture of Rosneft and Gazprom Neft, is scheduled to reach the production peak of 5.6 mln tonnes of oil per year by 2020.

Production in 2016 will be 577,000 tonnes of oil. Such information is contained in pre-reads to the official opening ceremony of field commercial operation.

"Oil production in 2016 is expected to be 577,000 tonnes. The production peak of 5.6 mln tonnes is forecast for 2020," the pre-reads said. 

Investment in the new oil field 

It has been announced that investment in the development of Vostochno-Messoyakhskoe field (Gydan Peninsula, Yamalo-Nenets autonomous district) until the end of 2016 will amount to $1.32 bln, and $3.97 bln - until 2040. 

"Investment in the project from 2010 until the end of 2016 will amount to 85 bln rubles ($1.32 bln). Total investment until 2040 - around 256 bln rubles ($3.97 bln), total tax revenues until 2040 - 881 bln rubles ($13.67 bln)," according to the press release.

First published by TASS.

All rights reserved by Rossiyskaya Gazeta.

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