Project Profile
Value: US$2,000 million
Location: Kamchatka, Russia
Start-up Year: 2014
Natural gas resources onshore Kamchatka are relatively small: in the late 1980s four gas condensate discoveries (Kshukskoye, Nizhne-Kvakchikskoye, Sredne-Kunzhinskoye and Severo-Kolpakovskoye) with around 16 billion cubic metres of C1 explored reserves were announced there. Unlike the onshore, the Western Kamchatka shelf contains significant gas resources. In June 2009 the Russian Federation Government resolved to grant Gazprom the subsurface license for the Zapadno-Kamchatsky licensed block in the Sea of Okhotsk. Between 2009 and 2010 seismic surveys were performed there, the most promising areas for further exploration were identified as well as the program for geological exploration until 2014 was prepared. In 2011 Gazprom launched prospecting drilling on the Western Kamchatka shelf.
Operators:
Joint venture operator with 92.25% interest
Gazprom
Rosneft
Caltex
Daewoo International
Hyundai Heavy Industries (HHI)
Korea National Oil Corp (KNOC)
Kumho Petrochemical
SK Holdings