Project Profile
Location: northern part of the Barents Sea, west of the Novaya Zemlya archipelago, about 1,000 kilometres from the mainland, Russian Arctic, Russia
Reserves: 140 million tonnes of oil and gas condensate and 2 trillion cubic metres of gas (D2 reserves)
Area: 83,600 sq. km
Water depth: 200 - 500 metres
Gazpromneft Sakhalin (a subsidiary of Gazprom Neft) has been awarded subsoil-use rights to a licence block in the Russian Arctic, the Heysovskiy block, located on the continental shelf of the Barents Sea. The company has begun geological and geophysical analysis of currently available information in order to construct a geological model of the region, to identify the most promising structures within these blocks, and to develop a programme for further exploration and prospecting activities. The Heysovskiy block is located in the northern part of the Barents Sea, west of the Novaya Zemlya archipelago, about 1,000 kilometres from the mainland. The block is 83,600 square kilometres in extent, with the sea surrounding it extending to depths of between 200 and 500 metres. The region is characterised by extreme environmental and climatic conditions — the north—west and north—east of the block can remain ice-bound throughout the year, although in certain years the sea does break through. Data on the block is currently limited, with only 8,300 kilometres of 2D seismic having been conducted to date, with data obtained to a depth of 0.1 linear kilometres for each square kilometre surveyed. While commercial oil and gas reserves are, as yet, unproven, the volume of D2 reserves (Russian classification) is estimated at 140 million tonnes of oil and gas condensate, as well as two trillion cubic metres of gas.
Operators:
Gazpromneft Sakhalin (a subsidiary of Gazprom Neft): Operator with 100% interest
Contractors:
Subcontractors: