Russia’s Rosneft looks at Murmansk gas field

April 24, 2014

The state oil company is considering to develop the Murmanskoye, a gas field located in waters near the Kola Peninsula, Barents Observer reported on April 23.

In an interview to TV station TV21, Murmansk Governor Marina Kovtun confirms that Rosneft now is the licenseholder to the Murmanskoye field, a hydrocarbon structure located about 200 km north of Murmansk. The development of the field is part of the comprehensive cooperation agreement between the company and the regional government, and a development process is in the pipeline, Kovtun indicates.

Murmansk has long worked for the development of the huge gas resources located in the Barents Sea. The region is today one of the least gasificated Russian regions and a major gas-based transformation of the regional heating system has long been planned. After the indefinite postponement of the Shtokman field, the region now appears to be putting its stakes on the Murmanskoye field.

The field was discovered by the AMNGR company in 1983 and holds an estimated 120 billion cubic meters of gas. A total of nine wells have been drilled in the structure. The daily gas flow from the field could reach as much as 1,4 million cubic meters of gas, of which Murmansk and Severomorsk combined would require about 500 million cubic meters per year, Bellona reports. Reportedly, the Federal Agency for Subsoil Usage (Rosnedra) has still not made public information about Rosneft’s takeover of the license.

Copyright: Barents Observer, 2014