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Rosneft readies more Kara Sea mapping

No Arctic drilling, only seismic mapping, for Rosneft this year.

The oil company will this year spend 764 million rubles (€13,2 million) on seismic mapping in the Kara Sea.

Hit by sanctions and low oil prices, the Russian oil major still continues its bid to explore Arctic waters. In an announcement, the company now offers bidders a contract on seismic mapping of the Severo-Karskoye license area, a structure located in the northeastern part of the Kara Sea.

The contract will be worth 764 million rubles and cover 2D mapping in the period 20th July 2015 to 25 February 2016, Oilru.com reports with reference to RIA Novosti.

As previously reported, Rosneft will this year not conduct any well drilling in the Kara Sea, nor in other parts of the Arctic.

In addition, the company has requested government for a two years extension of license terms in 12 offshore Arctic projects.

In 2014, Rosneft together with ExxonMobil completed a unique drilling operation at the University-1 structure. The drilling revealed 130 million tons of oil resources and the well was subsequently named “Pobeda” (Victory).