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.
There is currently no military threats against Finland, but changes are possible, head of the country’s Armed Forces, General Jarmo Lindberg says. At the same time, the Finnish Parliament promises an increase in military spending.
”We are building not only a railway line, we are building our road to the future, our Arctic pathway”, regional Governor Marina Kovtun said at a launch ceremony of the long-awaited and much-disputed Murmansk Transport Hub.
Salve Dahle with Akvaplan-Niva in Norway hopes the verbal conflict and boycott in trade between east and west will have little consequences on high north research cooperation. Arctic Frontiers conferance signs with Russian Geographical Society.
As tensions in East-West relations mount, more than 150 representatives of NGOs, regional authorities and institutions meet in Tromsø, northern Norway, to discuss enhanced Norwegian-Russian cooperation in the Barents Region.