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Gazprom to produce 200 bln cu m of gas a year under new offshore program to 2030

© Sputnik / Michail Fomichev / Go to the photo bankGazprom's office in Moscow
Gazprom's office in Moscow - Sputnik International
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Gazprom will produce 200 billion cubic meters of gas and 10 million metric tons of oil in a new hydrocarbon development program for the Russian continental shelf to 2030 approved by the energy giant's board of directors, Gazprom said on Tuesday.

Gazprom will produce 200 billion cubic meters of gas and 10 million metric tons of oil in a new hydrocarbon development program for the Russian continental shelf to 2030 approved by the energy giant's board of directors, Gazprom said on Tuesday.

The adjusted program adopted by the Gazprom management committee in early March, projects an increase in Gazprom's offshore deposit reserves by over 11 billion metric tons of fuel equivalent to 2030 and also excludes the energy giant's gas output under the Sakhalin-II oil and gas project off Russia's Pacific Coast.

Total hydrocarbon reserves on Russia's continental shelf are estimated at about 100 billion metric tons of fuel equivalent, of which gas accounts for about 80 percent. The larger part of hydrocarbon reserves (over 80 percent) are concentrated in the Barents, Pechora, Kara and Okhotsk Seas. Offshore deposits in the Barents and Kara Seas abound in gas and gas condensate while the Pechora Sea largely contains oil and the Okhotsk Sea has oil and gas reserves.

The company's plan for the Barents Sea includes development of the infrastructure of the giant Shtokman gas condensate deposit and its satellites. The firm also plans efforts to develop the Prirazlomnoye and Dolginskoye oil fields in the Pechora Sea.

Operations in the Severo-Kamennomysskoye and Kamennomysskoye Sea fields offshore the Ob and Taz Bays will lay the foundation for developing a field cluster. The Sakhalin shelf will see comprehensive development of fields located within Gazprom's licensed areas (Sakhalin III project), the energy giant said.

MOSCOW, April 19 (RIA Novosti) 

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