Russia's Gazprom Neft, the oil arm of gas export monopoly Gazprom, is considering attracting foreign partners to developing a major Arctic oil deposit.
Russia's Gazprom Neft, the oil arm of gas export monopoly Gazprom, is considering attracting foreign partners to developing a major Arctic oil deposit, a Gazprom Neft official said on Tuesday. Gazprom Neft Deputy General Director Boris Zilbermints told a conference that foreign companies may be considered as partners in developing the Prirazlomnoye field in the Barents Sea. "We will consider the possibility of attracting foreign partners," he said.
Gazprom, whose wholly controlled subsidiary, Sevmorneftegaz, owns the licence for Prirazlomnoye, has initially said it could develop the field jointly with foreign partners, but then said it would do it alone.
The gas giant is currently constructing an offshore production platform at the deposit, and plans to complete the works by late 2010 or early 2011.
It plans to produce around 6 million tonnes per year, or 120,500 barrels per day, from the field, with recoverable resources estimated at 46.4 million tonnes.
Gazprom is planning to hand over a number of licences, including the one for Prirazlomnoye, to Gazprom Neft in 2009-2010.