UK Offshore Oil Discovery | Arctic oilfield
North sea UK oilfield discovery. Europe offshore oil discovery news for Russia arctic oilfields and Norway oil drilling projects in Norwegian Oilfields.
Europe Offshore Oil Discovery | Arctic oil and gas field
Europe Offshore Oil and Gas
Nearly 18,000 offshore wells were drilled around the world over the last five years, with numbers peaking in 2007. Around $291 billion was spent on this activity. The amount of spend is likely to grow by at least 25% over the period to 2014.
North Sea Oil Reserves
Major investments in new technology has prolonged the field life and recovery factors of the North Sea fields and added to the production of the industry.
Appropriate regulatory policies and competitive fiscal regimes have also encouraged new investment in the European oil and gas industry, and have added life to the oil and gas production of Europe.
With the upstream oil and gas industry playing a big role in the contribution to GDP, the European oil and gas industry has definitely increased the security of product supply in the continent, apart from providing several employment opportunities.
-- The Arctic could hold about 22 percent of the world's undiscovered conventional oil and natural gas resources. Jurisdictionally, the Arctic contains portions of eight countries - Canada, Denmark (Greenland), Finland, Iceland, Norway, Russia, Sweden, and the United States.
Finland and Sweden do not border the Arctic Ocean and are the only Arctic countries without jurisdictional claims in the Arctic Ocean and adjacent seas.
The United Kingdom (UK) is the largest producer of oil and second-largest producer of natural gas in the European Union (EU). After years of being a net exporter of both fuels, the UK became a net importer of natural gas and crude oil in 2004 and 2005, respectively.
World’s three largest consuming regions -- North America, Europe, and Asia-Pacific -- are all importers. All the other regions are exporters.
Norway provided 12 percent of OECD Europe's crude oil imports and 18 percent of its natural gas imports in 2010. Norway is the largest oil producer and exporter in western Europe and second largest exporter of natural gas after Russia, and ranks fifth in world natural gas production.
Russia holds the world's largest natural gas reserves, the second largest coal reserves, and the eighth largest crude oil reserves. Russia was the largest producer of crude oil in 2009, surpassing Saudi Arabia. Russia has the largest natural gas reserves in the world and it is the second-largest producer of natural gas.
Oil and Gas Discoveries in North Sea , Arctic and Norwegian Sea
UK's first oil field was discovered in the East Midlands, at Hardstoft in east Derbyshire in 1919. Prior to this, from 1851, oil shale in the Midland Valley in Scotland was used, until 1962. With North Sea oil, Britain became self-sufficient with oil since the early 1980s.
Until 1990, relatively little oil was produced by UK onshore oil industry. This rapidly increased to peak between 1991 and 1999, where around 5 million tonnes of oil was produced each year - 5.4 million tonnes, the most, was produced in 1996. Since 1999 it has gradually declined to around 1 million tonnes a year. Onshore UK natural gas peaked in 2001. Cumulatively, onshore oil production has produced around 2% , almost around 500,000,000 barrels of offshore (North Sea) production.
History of oil in UK, new oilfield discoveries in UK's North Sea
UK Oil Discoveries- Oil was discovered at Kelham Hills in the 1920s. In June 1939, BP (then the D'Arcy Exploration Company) discovered oil at Eakring. News of this discovery was not announced until September 1944, by which time the fate of the Second World War was sealed. Oil was also drilled during the war at Caunton and Kelham Hills.
Eakring Field- In the late 1930's oil exploration was undertaken by the D'Arcy Exploration Co Ltd, part of the Anglo-Iranian Oil Company Ltd. Using geological data from colliery workings, geologists calculated that an anticline was situated under Eakring. A nearby borehole at Kelham had produced oil. Drilling to levels between 7463ft and 7468ft had found significant quantities of oil - which turned to be particularly significant when the Second World War and the U-Boat campaign started.
Oil and gas discoveries in North sea oilfields. Europe offshore oil discovery news for Russia arctic oilfields and Norway oil drilling projects in Norwegian Oilfields.
Oilfields in UK
Wytch Farm is an oil field and processing facility in the Purbeck district of Dorset, England. It is the largest onshore oil field in western Europe. The facility, recently taken over by Perenco was previously operated by BP. The field was discovered by the nationalised British Gas Corporation in December 1973 and began producing oil in 1979. As part of the privatisation of British Gas in the 1980s Wytch Farm was sold to BP which took over as operator in 1984. In May 2011, BP announced that it had agreed to sell its majority interest in Wytch Farm to Perenco. The field is located in a faulted block of Jurassic and older rocks beneath the Hampshire Basin.
South Leverton Field - Oil was discovered at South Leverton field in the late 1950s or early 1960s. The field produces high-grade crude oil, which is taken by road to a collection centre at Gainsborough, from where it is transferred by rail to be refined at Immingham. Because of its quality, it is used for the production of chemicals and plastics, rather than for fuel.
Kimmeridge Oil Field is to the northwest of Kimmeridge Bay, on the south coast of the Isle of Purbeck, in Dorset, England. Kimmeridge K1 well site, is a small site, with a single beam pump or "nodding donkey" which has been pumping continually since 1961, making it the oldest working oil pump in the UK. The well once produced 350 barrels per day, but currently yields around 65 barrels per day.
Dorset Field - In Dorset the search for oil started back in 1935. Between 1958 and 1980 six wells were drilled in Kimmeridge Bay. The first drilling of the Kimmeridge oil field was the B1 to the north of Broad Bench, which revealed neither oil nor gas. The second drilling B2, later renamed K1, was made in 1959 and both oil and gas were discovered.
East Midlands Oil Province, also known as the East Midlands Petroleum Province, covers the petroliferous geological area across the north-eastern part of the East Midlands of England that has a few small oil fields. The largest field in the province is the Welton oil field, the second largest onshore oil field in the UK.
Welton oil fields - Most oil is transported by road tanker. It is the main part of the East Midlands Province oilfield where thirty three oil fields have been discovered, including areas outside of Lincolnshire. Oil had been discovered in Corringham in 1958, Gainsborough in 1960, Glentworth in 1961, and Torksey in 1962. Oil was also found in Nocton in the 1960s. Oil is found on early Namurian shales where they meet Dinantian Carboniferous limestone.
East Glentworth Found near the A15 and B1398, just south-west of Caenby Corner and near the (now exhausted) Glentworth Oilfield at Glentworth. Discovered in March 1987 by BP, with production starting in February 1993. Formerly owned by Pentex Oil UK Ltd and now owned by Star Energy. Taken by road tanker to Gainsborough.
Scampton North Discovered in October 1985 by BP with production starting in February 1989. Owned by Star Energy (East Midlands) Ltd and originally ran by Candecca. Transported by road tanker to the Welton Gathering Centre at Reepham. The original Scampton Oilfield ceased production in 1988.
Cold Hanworth Oilfield - Discovered in September 1997 by Candecca, with production starting in September 1998 at Cold Hanworth. Owned by Star Energy (East Midlands) Ltd, although originally ran by Candecca. Transported by road tanker to the Welton Gathering Centre, which is just south of the oil field at Reepham.
Stainton Just north-east of Welton at Stainton by Langworth. Discovered by BP in July 1984, with production starting June 1987. Owned by Star Energy (East Midlands) Ltd. Originally ran by Candecca. Situated on the Lincoln-Market Rasen (Newark - Grimsby) railway line and taken by road to the Welton rail terminal at Reepham.
Fiskerton Field - Discovered in November 1997 by Cirque with production starting in August 1998 on the former RAF Fiskerton. It is owned 48% by Cirque Energy (UK) Ltd, 32% by Altaquest Energy Corp (UK) Ltd, 18% by Courage Energy UK Ltd and 2% by Mermaid Resources (UK) Ltd. Ran by Cirque Energy. Pipeline to the Welton Gathering Centre.
WeltonLargest of the fields, with about 2 million tonnes of initial oil reserves at Welton. Discovered in February 1981 by BP with production starting in November 1984. Owned by Star Energy (East Midlands) Ltd. Originally ran by Candecca and BP. Transported by rail. It is the second largest onshore oilfield in the UK after Wytch Farm in Dorset. The next largest is Stockbridge, Hampshire, run by Star Energy. It is even bigger than Eakring, which kept the UK going in World War Two. It is very much larger than all the other onshore fields. It has a predicted total production of 16,740,000 bbl (2,661,000 m3).
Nettleham Field discovered in March 1983 by BP with production starting in October 1985. Owned by Star Energy (East Midlands) Ltd, although originally ran by BP and Candecca. Oil transported by pipeline to the Welton Gathering Centre.
Keddington field located north-east of Louth on the River Lud at Keddington. Discovered in January 1998 by Candecca, with production beginning in September 1998. Formerly owned 65% by ROC Oil (UK) Ltd and 35% by ROC Oil (CEL) Ltd. Bought in March 2007 by Egdon Resources for £250,000 with the two wells closed. Egdon restarted production in April 2007 and producing about 50 barrels (7.9 m3) a day. Up to Feb 2009, produced 192,000 barrels (30,500 m3) of oil. Estimated to be 4,000,000 barrels (640,000 m3) of oil. Taken by road tanker to the Welton Gathering Centre.
Farley's Wood field (Nottingham shire) owned by Onshore Production Services Ltd (OPS) or OOSL. Discovered in March 1983, production started July 1985, road tanker to Welton. Originally owned by EMOG. Situated in between Walesby and Tuxford.
Beckingham West field (Nottinghamshire) discovered in July 1985 by BP with production starting in October 1987. Formerly owned by Pentex Oil UK Ltd. Oil transported by pipeline to Gainsborough. Now owned by Star Energy. Situated just off the A631 at Beckingham.
Kirklington field (Nottinghamshire) located just south of Eakring towards Newark on the A617 at Kirklington. Owned by Star Energy Oil & Gas Limited 75% and Star Energy Oil UK Limited 25%. Formerley owned by Pentex. Discovered in December 1985 by BP with production starting March 1991. Taken by road tanker to Gainsborough.
Rempstone Field (Nottinghamshire) located south of Nottinghamshire at junction of A60 and A6006 at Rempstone in the far south of Nottinghamshire. Owned by Star Energy Oil & Gas Ltd 75% and Oil UK Ltd 25%. Discovered in December 1985 by Pentex, with production started June 1991. Formerly owned by Pentex. Road tanker to Gainsborough. Operated by Star.
Long Clawson field (Leicestershire) owned by Star Energy Oil & Gas Ltd 75% and Star Energy Oil UK Ltd 25%. Discovered in March 1986, with production started December 1990. Originally owned by Pentex. Road tanker to Gainsborough. Situated on Clawson Hill at Long Clawson.
Whisby field discovered in January 1985 by BP with production starting in May 1990 at Whisby Moor near North Hykeham. Owned by Ran by Blackland Park Exploration Ltd, although originally ran by EMOG (East Midlands Oil & Gas - a UK division of Fortune Oil). The Whisby 4 and now the Whisby 5 wells are the currently producing wells and have now cumulatively more than doubled all historical production. Oil is transported by road tanker to Immingham.
West Firsby field discovered in January 1988 by Enterprise Oil (former oil division of British Gas plc), with production starting in August 1991 at West Firsby north of Lincoln, just west of Spridlington. Owned 53% by Tullow Oil and 47% by Edinburgh Oil & Gas plc. Originally ran by Tullow Oil and Enterprise Oil, now ran by Europa since May 2003. Taken by road tanker to Immingham's ConocoPhillips Humber Refinery. Sourced by early Namurian pro-deltaic shales. Found on a Variscan inversion anticline on a boundary fault of the Dinatian-Namurian Gainsborough Trough.
Crosby WarrenIt field was discovered in May 1986 by RTZ (Rio Tinto Group), with production starting in October 1987. Just north-east of Scunthorpe, near the junction of the A1077 and A1029, just north of the Corus steel works. Just south of a Romano-British settlement. Originally run by Edinburgh Oil & Gas, then bought by Europa Oil & Gas on November 30 2006. Oil is transported by road tanker.
Newton on Trent field discovered in April 1998 by AltaQuest with production starting in September 1998. Owned by Courage Energy (UK) Ltd and ran by AltaQuest. Oil is taken by road tanker to the ConocoPhillips Humber refinery in Immingham. Production ended in July 2000. Run by Blackland, and previously owned by Floyd Energy. Situated just south of the village.
Norway Offshore Oil and Gas Discoveries
Norwegian oil firm Statoil has made a second big oil discovery in early 2012, located in the Barents Sea in less than a year and predicted more discoveries to come in the region, further boosting the remote Arctic region's oil prospects. The new discovery will also improve the oil prospects of Norway as the world's eighth-largest oil exporter and the second-largest for gas, which has seen declining oil output since 2001.
Since the first discovery of North Sea oil in Norwegian waters during the late 1960s, exports of oil and gas have become very important elements of the economy of Norway. North Sea oil production , exploration for oil in the Barents Sea, and exploration in the Arctic area. Norway is the one of the largest oil exporter and the world's sixth largest producer of natural gas, having significant gas reserves in the North Sea water.
Oil / Gas fields in Norway
Blane oil field - Blane (Norwegian: Blanefeltet) is an offshore oilfield located in the southern Norwegian and northern British sectors of North Sea. The field was discovered in 1989 and produces high quality oil.
Brage oil field - Brage oilfield is an offshore oil field in the North Sea located 120 km northwest of the city of Bergen on the western coast of Norway and 13 km east of Oseberg Field Center. The field also contains gas. The oil from the field is pumped through a pipeline to Oseberg . The gas from the field is exported through Statpipe system to Karsto. Brage field is operated by Statoil. The Brage field was discovered in 1980.
Draugen oil field - Draugen oilfield is an oil field in the Norwegian Sea with a sea depth of 250 metres . It is operated by Royal Dutch Shell. The Draugen field produces oil primarily from two reservoirs. The Draugen field was discovered in 1984.
Ekofisk oilfield - Ekofisk oilfield located in the Norwegian sector of the North Sea about 320 km southwest of Stavanger. Ekofisk oilfield discovered in 1969.
Gjoa oilfield - Gjoa oilfield in the Norwegian section of the North Sea. It lies about 70 kilometres off the Troll field. The oil field was discovered in 1989 and the development was announced in December 2006. It is developed by the consortium of Statoil, GDF Suez, Petoro, Royal Dutch Shell and RWE Dea.
Grane oil field - Grane oilfield an offshore oil field in the North Sea located 185 km (115 mi) west of the city of Haugesund on the western coast of Norway. It is Norway's first heavy crude oil production field and Statoil's largest heavy oil field. It was discovered by Norsk Hydro in 1991 and first production occurred in September 2003.
Gullfaks oil field - Gullfaks oilfield an oil and gas field in the Norwegian sector of the North Sea operated by Statoil. It was discovered in 1979, in block 34/10, at a water depth of 135 meters.
Gyda Oil Field - Gyda OilField i s an offshore oil field located in the southern Norwegian section of North Sea along with Ula, Tambar and Tambar East fields. The Gyda field was discovered in 1980 and started producing on June 21, 1990.
Goliat field - Goliat field is an offshore oil field in the Norwegian sector of the Barents Sea. It is located 85 kilometres northwest of Hammerfest. The license owned by Eni Norge AS (operator, 65%) and Statoil Petroleum AS (35%). It was awarded in 1997. Oil was discovered in 2000.
Heidrun oil field - Heidrun oilfield is an oil and gas field discovered in 1985, this field is located on Haltenbanken in the Norwegian Sea. It's production in 2006 was estimated at 3 million cubic meter of natural gas and 140,000 barrels of crude oil a day.
Heilo prospect is an oil exploration area in the Barents Sea off Norway. It is located east of the Goliat field and northwest of the Nucula oil and gas field. The licence is owned by GDF Suez E&P Norway AS (30%), North Energy ASA (20%), Rocksource (20%), Front Exploration AS (20%), and Repsol Exploration Norway AS (10%). Operator is GDF Suez E&P Norway AS. Drilling started in September 2011 by using semi-submersible Aker Barents.
Heimdal gas field is an offshore natural gas field in the North Sea located 212 kilometres northwest of the Stavanger, Norway. The field was discovered in 1972. The Heimdal field is operated by Statoil. Partners are Statoil (39.44%), Centrica Resources (23.79%), Petoro (20%), and TotalFinaElf Exploration Norge AS (16.75%). Originally the operator was Norsk Hydro, but after transfer of Hydroas oil assets to Statoil, Statoil took over operatorship.
Norne oil field - Norne oilfield is an oil field located around 80 kilometres north of the Heidrun oil field in the Norwegian Sea. The Alve find led to the discovery of the Norne oil and gas field which was proven in 1992 and brought on stream in 1997. Production began from Norne in the Norwegian Sea on 6 November 1997. The Norne field produces around 70,000 barrels per day.
Oseberg East is an offshore oil field in the North Sea, located east of Oseberg Oil Field operated by Statoil.
Oseberg oil field - Oseberg field is an offshore oil field with a gas cap in the North Sea located 140 km northwest of the city of Bergen on the southwestern coast of Norway. The first exploration well was drilled as a wildcat and spudded on 19 June 1979. The well was plugged and abandoned as a gas discovery on 22 September. Subsequent appraisal wells proved oil in addition to the gas found by the discovery well and Oseberg was produced as an oilfield. The first exploration well on the PL079 license, 30/9-1 was drilled as a wildcat at the end of 1982.
Oseberg South is an offshore oil field in the North Sea, located 115 kilometres from the coastline and 13 kilometres south of Oseberg Oil Field. Oseberg South was discovered in 1984.
Oselvar oil field - Oselvar oilfield is an offshore oil field located 250 km southwest of Stavanger in the southern Norwegian section of North Sea, close to the English border. Oselvar was discovered in 1991.
Skirne gas field - Skirne field is an offshore gas field in the North Sea located 24 kilometres east of the Heimdal gas field and 140 kilometres from Stavanger, Norway. Skirne field was discovered in 1990.
Snorre oil field - Snorre oilfield is an oil and gas field in the Tampen area in the southern part of the Norwegian Sea. The sea depth in the area is 300 to 350 metres . Snorre is operational since August 1992. It was the first field developed by Saga Petroleum. The Snorre field is operated by Statoil . Snorre oilfield discovered in 1979, Snorre received government approval for field development in 1988, and production startup in 1992.
Statfjord oil field is an enormous oil and gas field in the Norwegian sector of the North Sea operated by Statoil.Oil is loaded offshore and taken directly to refineries; gas is transported via the Statpipe pipeline to mainland Norway. Statfjord holds the record for the highest daily production ever recorded for a European oil field (outside Russia) : 850,204 barrels (crude oil plus natural gas liquids) were produced on January 16, 1987. Statfjord is scheduled to remain active until 2019. Mobil discovered the Statfjord field in 1974; the field came online in 1979; and Statoil gained ownership of the field on Jan. 1, 1987. Statfjord field is considered to be one of the oldest producing fields on the Norwegian Continental Shelf and the largest oil discovery in the North Sea.
Tambar oil field - Tambar field is an offshore oil field located in the southern Norwegian section of North Sea along with Ula and Gyda fields making up the UGT area. Ula field was discovered in 1983 and came online in 2001. Tambar was discovered in 1983 and became operational in July 2001. It contains confirmed 46.9 million m3 of oil. The field is expected to produce until 2021
Troll gas field - Troll is a natural gas and oil field in the Norwegian sector of the North Sea, 100 kilometres North-West of Bergen, 50 kilometres west of the island of Fedje. Although Troll is primarily a gas field - one of the biggest in the North Sea, holding 60% of Norway’s gas reserves it also holds significant quantities of oil. Oil and gas were discovered in this field by well 31/2-1 in 1979.
Ula oil field - Ula oilfield is an offshore oil field located in the southern Norwegian section of North Sea. Ula oilfield was discovered in 1983 and came online in 2001.
Vale gas field - Vale gas field is an offshore gas field in the North Sea located 16 kilometres north of the Heimdal gas field.Production was started on 31 May 2002. The field was originally operated by Norsk Hydro. In 2007, the operationship was transferred to Statoil as a result of the merger between Statoil and Hydro Oil & Gas. In 2012, Centrica acquired Statoil's stake and took over operatorship.
Valhall oil field - Valhall oil field located in the Norwegian sector of the North Sea. Discovered in 1975, production began in 1982 and is expected to continue until 2050.
Yme oil field - Yme oilfieldlocated in the Egersund basin area in the southern part of the North Sea. It is located 160 kilometres northeast of the Ekofisk oil field. The field was produced by Statoil from February 1996 to it was closed down in 2001. The Yme field is to be redeveloped by Talisman Energy who will start production in 2013.
Discovery of Oil and Gas Fields in Arctic / Russia
More than 400 fields have been discovered to date in the Arctic, providing reserves in excess of 240 Bboe.
First discovered in 1943, Tatneft’s Romashkinskoye oilfield was the first of Russia’s mega fields of platform type geology to be produced using contour waterflooding. Data gleaned in 1943, however, was not all that impressive and it took a second look, in 1948, to discover the Devonian layers where 90 percent of the field’s reserves were hidden. Initial reserves were estimated at 3,922 million tons in an area covering 425,000 hectares. Sixty-five years on, Romashkinskoye is still in production, pumping 15 million tons a year to market.
Multiple Oilfield Discovery
The northern part of the West Siberian Basin has been where the most recent exploration has taken place. But it was further south and east along the Ob River that the first three major fields, Fedorovskoye and Mamontovskoye near Surgut, and Samotlor, which lay further East near Nizhnevartosk, were found between 1963 and 1965. An oil pipeline was laid in 1967, allowing year-round production.
Fedorovskoye is run by Surgetneftegas, a company that drilled 1,403 wells in 2011, including 708,000 ft of exploration. In 1993 the company was allowed to become an open joint stock company. The field, which peaked at a production of around 1 mbd in 1983, is now referred to as the Fedorovsko-Surgutskoye and with a current production of 400 kbd it ranks 14th largest in the world.
Mamonskoye is run by Yuganskneftegaz and was acquired by Rosneft in 2005. It too peaked at around 1 mbd, though in 1986. The company estimates that in the Khanty-Mansiysk region, its 30 licensed areas still retain a reserve:annual production ratio of 24 years.
Major Oil / Gas fields of Russia
East-Prinovozemelsky field - East-Prinovozemelsky field is a gigantic undeveloped Arctic oil and gas field located on the continental shelf of Russia in the South Kara Sea between the Yamal Peninsula and Novaya Zemlya island. On August 2011, Rosneft announced that instead of BP the partner for EPNZ-1, EPNZ-2 and EPNZ-3 will be ExxonMobil. The two companies agreed to invest US$3.2 billion in a joint venture to develop the three East-Prinovozemelsky blocks, as well as a field offshore of Tuapse.
Kravtsovskoye oilfield is located within block D-6 in the coastal waters of the Baltic Sea, about 22 kilometres west of Russia's Kaliningrad Oblast. First well drilled in 1983 and extraction began in 2004. Produced oil and associated gas is transported by a 47-kilometre underwater pipeline to the Romanovo oil-gathering unit. Crude oil is exported through the Izhevsky oil terminal
Priobskoye field is an oil field in Russia.is located along both banks of the Ob River, 65 kilometres east of the District's capital city, Khanty-Mansiysk, and 100 kilometres west of Nefteyugansk, the town that serves the field. The field was discovered in 1982. Oil production started in 2000. In 2004 Yuganskneftegaz was bought by Rosneft.
The Northern part of the Priobskoye field, the “Pearl of West Siberia,” discovered in 1982, and brought on line in 1989, and the Prirazlomnoye field which is the Russian offshore field . The Priobskoye field was producing at 650 kbd in 2009, when it was ranked as the 8th largest producer, with plans to further increase production through 2013.
Prirazlomnoye field is an Arctic offshore oilfield located in the Pechora Sea, south of Novaya Zemlya, Russia. The field development is based on the single stationary Prirazlomnaya platform, which is the first Arctic-class ice-resistant oil platform in the world. The commercial drilling is expected to start in the early 2012. This will be the first commercial offshore oil development in the Arctic.
Romashkino field is an oil field in Tatarstan, Russia. Romashkino field discovered in 1948 , Romashkino field is the largest oil field of Volga-Ural basin. Romashkino field had produced over 15 billion barrels of oil.
Russkoye field is a heavy oil field located in the Tazovsky District, Yamalo-Nenets Autonomous Okrug, Russia. It is one of the largest fields in Russia. Commercial production is expected to start in late 2015 or early 2016.
Yuzhno-Russkoye field is a Russian oil and gas field located in the Krasnoselkupsky District. Yuzhno-Russkoye field was discovered in 1969. The inauguration ceremony launching work on the field was held on 18 December 2007.
Timan-Pechora Basin is an oil field basin in northern Russia. It is south of the Pechora Sea. A planned project to mine its oil and gas was conceived in the mid-nineties and approved by United States and Russian Governments. As of September 29, 2004, Conoco and LUKoil planned to jointly develop this Basin.
Trebs and Titov oil fields is a complex of Arctic oil fields in the Timan-Pechora Basin in Nenets Autonomous Okrug, Russia. In 2006, the Trebs and Titov fields were designated as "strategic fields". The licence was issued to Bashneft on 2 December 2010.
Tuapse field is a large offshore oil field located in the Black Sea. In August 2003, Rosneft was awarded a license to explore the field.
Vankor Field is an oil and gas field in Russia, located 130 kilometres west of Igarka in the Turukhansk District of Krasnoyarsk Krai in Eastern Siberia. The Vankor Field was discovered in 1988. The field is operated by Russian national oil company Rosneft through its subsidiary Vankorneft.
Verkhnechonskoye field is a giant oil field in Eastern Siberia, Russia. The field is located in Kataganskiy district, Irkutsk Oblast, about 1,100 kilometres (680 mi) north-east from Irkutsk. Verkhnechonskoye field is considered the largest oil field in Eastern Siberia. The field was discovered in 1978 and development started in 2002. Operation of the field was started in 2005 and on 15 October 2008, first oil produced at the Verkhnechonskoye field was delivered.
Yuri Korchagin field is an offshore oil field in the Russian sector of the North Caspian Sea. The field is owned and operated by Lukoil–Nizhnevolzhskneft, a subsidiary of Lukoil. Lukoil started geological survey of North Caspian Sea in 1995. Exploratory drilling started in 1999 by using Astra semi-submersible jack-up rig. Yuri Korchagin field was discovered in 2000. Development started in 2004. The first oil was extracted on 28 April 2010.
Yuzhno-Russkoye field is a Russian oil and gas field located in the Krasnoselkupsky District. Yuzhno-Russkoye field was discovered in 1969. Preparation for the development of the field started in 1997.
2010 new oilfield discovery- Russia has discovered a new large oil deposit with estimated reserves of over 1.1 billion barrels in East Siberia. The deposit is located in the Irkutsk Region and was discovered by state-run oil major Rosneft.
Europe Offshore oil News
UK Offshore Oil Discovery , Arctic oilfield . Europe Offshore Oil Discovery | Arctic oil and gas field
Oil and gas discoveries in North sea oilfields. Europe offshore oil discovery news for Russia arctic oilfields and Norway oil drilling projects in Norwegian Oilfields.
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