The buyers of the oil have been found and the first tanker will pick up the historical shipload in the course of the month, company leader Aleksandr Dyukov told journlists this week.
The load will be the first ever oil from a Russian Arctic offshore field. As previously reported by BarentsObserver, Gazprom Neft started production at the field in late December 2013.
The Prirazlomnoye oil is slightly more heavy than the normal Urals, and a discount will be given to buyers, the company informs.
According to Dyukov, thanks to support from the government, the project will be profitable with an oil price of $80 per barrel. “A new methodology has been adopted, according to which the state subsidies will be increased in case of a drop in oil prices”, the company leader says, Oilru.com reports.
The Prirazlomnaya project has been a highly costly and long-dragged endeavor for the owners. After a long period of construction at the Sevmash yard, the platform was in August 2011 towed to the Pechora Sea. However, it took almost another 2,5 years before the installation could start production.
The whole project has reportedly costed 90 billlion rubles. When in full production, the platform will produce a total of six million tons per year. In 2014, at least 300,000 tons of oil will be extracted, the company informs.
The Prirazlomnaya project has stirred controversy among environmentalists, who fear that a spill could ruin the vulnerable environment in the area. In August 2013, a group of Greenpeace activists were met with harsh reactions from heavily armed security forces when they campaigned against the project. Also authorities in the Nenets Autonomous Okrug has voiced fears of what might happen if a spill reaches the extensive Nenets coast.
Tourists will be replaced by soldiers and scientists on the North Pole this spring. Instead of the traditional Barneo ice camp, Russia is about to establish two bases – one for scientists and one for the military.
The overall goal for Norwegian Arctic Policy is to ensure that the current geopolitical tensions do not spill over and pose a challenge to peace and stability characterizing the region, says Foreign Minister Børge Brende.
How come that the Barents and the Balkan regions have nearly the same average life expectancy, but their GDPs are dramatically different? BarentsObserver compares two border regions trying to find an answer.
Terrorism fears, with police and soldiers likely targets, is the reason for the special decision to allow Finnish Border Guards to be armed when on patrol in the normally relaxed town of Kirkenes in Norway’s northeastern corner.
Eva Biaudet, Finland’s Non Discrimination Ombudsman says to BarentsObserver the rejection of the ratification of ILO Convention No. 169 was a step backwards for the political efforts to strengthen Sami rights.