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Beached at Aliaga 14/09/2021 towed by Alp Striker https://www.facebook.com/photo/?fbid=10158571160590036&set=gm.10160889341833943
Rosneft Announces “Victory” in the Kara Sea, Huge Discovery Made
Rosneft estimates 338 billion cubic meters of gas and 100 million tons of oil have just been found in a new field in the Kara Sea, drilled by the West Alpha semi-submersible drilling rig. Universitetskaya-1 is also the northernmost well in the world located in the icy waters 250 kilometers north of Russia. One of 30 hydrocarbon-bearing formations identified in the Kara Sea, the Universitetskaya structure covers 1,200 square kilometers and has resources of more than 1.3 billion tons of oil equivalent. According to experts, Rosneft notes the volume of oil in the Kara Sea exceeds the oil and gas resources the Gulf of Mexico, the Brazilian shelf, the shelf of Alaska and Canada, and will be comparable to the resource base of Saudi Arabia. While anchored to the seabed in 81 meters of water, North Atlantic Drilling’s West Alpha drilled to a total vertical depth of 2,113 meters, and set five casing strings along the way. Karmorneftegaz, a joint venture between Rosneft and ExxonMobil, is the operator of the license area.
Drilling Comes to a Halt on Seadrill’s West Alpha as Russian Sanctions Take Hold
Sept. 19 (Bloomberg) — Exxon Mobil Corp. and OAO Rosneft halted drilling on an offshore oil well intended as the first step in unlocking billions of barrels of crude in Russia’s remote Arctic, according to people familiar with the project. Work stopped just a few days after the U.S. and European Union barred companies from helping Russia exploit Arctic, deep- water or shale-oil fields, said three people with knowledge of the rig’s operations who asked not to be named since they weren’t authorized to speak about the project. The U.S. sanctions, meant to punish Russia for escalating tensions in Ukraine, gave American companies until Sept. 26 to stop all restricted drilling and testing services. Exxon, Rosneft and Seadrill Ltd.’s North Atlantic Drilling unit are under the gun to finish or temporarily seal the $700 million well off Russia’s northern coast before the sanctions deadline, said Chris Kettenmann, chief energy strategist at Prime Executions Inc., a brokerage firm in New York. With just eight days left before sanctions require Exxon to stop all Arctic work with its Russian partner Rosneft, the project probably is on hold until next year at the earliest, he said. “This has been one of the most-watched wells in the industry, so this is a huge deal,” said Kettenmann, who has a sell rating on Exxon’s shares. “There’s a hard stop here.”
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