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Russia’s Rosneft Oil Firm Starts Well Drilling at Khatangsky Block

© Sputnik / Alexandr Demyanchuk / Go to the photo bankThe Rosneft pavilion at the 2015 St. Petersburg International Economic Forum
The Rosneft pavilion at the 2015 St. Petersburg International Economic Forum - Sputnik International
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According to the reports, Rosneft oil company started well drilling at the Khatangsky block in the East Arctic Sea shelf at President Vladimir Putin’s orders via teleconference.

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KHATANGA (Krasnoyarsk Territory) (Sputnik) Russia’s Rosneft oil company started well drilling at the Khatangsky block in the East Arctic Sea shelf at President Vladimir Putin’s orders via teleconference, the company said Monday.

“For the first time in history, drilling will be conducted on the continental shelf of the East Arctic. The resource potential at the Laptev Sea alone is estimated at 9.5 billion tonnes of oil equivalent, according to specialists,” Rosneft CEO Igor Sechin said.

Sechin, who took part in the link-up with Putin from the drill site at the Far North’s Khatanga Gulf, said he was confident the drilling would be as successful as in the Kara Sea oil province established in 2015.

Foreign partners could possibly participate in the drilling project at the Khatangsky block in the East Arctic Sea shelf, Russia's Rosneft oil company CEO Igor Sechin said Monday.

"It is possible, we do not rule it out. Besides, the depth of the license area allows us to work without sanctions, so we can after some time work to attract a partner," Sechin told reporters.

Well drilling at Khatangsky block at the Far North’s Khatanga Gulf began earlier in the day at President Vladimir Putin's orders via video link-up.

The drilling of the 3-mile horizontal well by Rosneft and Tsentralno-Olginskaya-1 would stretch from the Khara-Tumus Peninsula in the Khatanga Gulf, an estuary in the Laptev Sea. Sechin estimated the site's resource potential at 9.5 billion metric tonnes of oil equivalent.

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