Natural resources
Oil production at Prirazlomnoye field grows 150% in 2015
© RIA Novosti. Aleksey Danichev

Oil production at Prirazlomnoye field grows 150% in 2015

In 2015, over 800,000 metric tons of crude oil was produced at the Prirazlomnaya platform, which is 150% more than was produced on the Russian Arctic shelf in 2014, reports Gazprom Neft Shelf.

"In 2015, we not only reached the planned number of new oil wells and the volume of oil production, but also managed to ensure production safety on the shelf in the extreme Arctic conditions," Gazprom Neft Shelf general director Gennady Lyubin said.

He said plans call for doubling oil production in 2016 and added that compliance with safety and environmental regulations will be the priority.

Over 1.1 million metric tons of oil was shipped from the Prirazlomnoye field in 2014-2015. There are currently two extraction wells and one injection well operating at the field.

The Prirazlomnoye oil field is located in the Pechora Sea, 60 km off the coast. The prospective oil reserves exceed 70 million metric tons. This is the world's first offshore oil rig in the Arctic. Production started in December 2013.