Gazprom Neft, the oil subsidiary of Gazprom, has completed the installation of the main terminal facility at its Novy Port project in the Ob Bay.
The more than 80 meter high terminal facility, which now is installed in the waters off the Yamal coast, will have capacity for annual year-round handling of 8,5 million tons of oil, Gazprom-Neft informs in a press release.
It was the heavy weight crane ship ”Oleg Strashnov” which in late September lifted the terminal in place.
The terminal will be connected with a 10,5 km long pipeline to Cape Kamenny, the project infrastructure hub on the coast of the Yamal Peninsula.
Gazprom Neft intends to complete all project preparatory measures in the course of 2015 and subsequently boost production in 2016. Production will be increased from 2 million tons in 2016 to four million tons in 2017, the company says
As previously reported, Gazprom Neft intends to send the Novoportovskoye oil both eastwards along the Northern Sea Route and westwards towards European consumers.
The Novoportovskoye field holds as estimated 250 million tons of oil and 320 billion cubic meters of gas.