Kremlin brands actor Morgan Freeman ‘victim of emotionally-charged, self-exalted status’Russian Politics & Diplomacy September 20, 14:07
Kremlin expects Lithuanian president to change view on Zapad-2017 drillsRussian Politics & Diplomacy September 20, 13:46
Russia still has to agree on two points for Arctic shelf expansionBusiness & Economy September 20, 13:44
Belarussian military at Zapad-2017 exercise achieves goals set — LukashenkoWorld September 20, 13:29
Infantino congratulates Russia’s Sorokin on being elected to FIFA CouncilSport September 20, 13:10
Press review: Tajikistan obstructs Iran’s SCO bid and Moscow works to end Palestinian riftPress Review September 20, 13:00
International researchers suggest quantum computers boost machine learningScience & Space September 20, 12:45
Putin keeps emphasizing respect for every country’s sovereignty — KremlinRussian Politics & Diplomacy September 20, 12:44
Human rights ombudsperson says 18 cases opened over missing people in ChechnyaRussian Politics & Diplomacy September 20, 12:27
MOSCOW, October 26 (Itar-Tass) — Russia’s LUKOIL Company has submitted its proposals on Arctic shelf development to the Russian government, LUKOIL’s official spokesperson said.
“LUKOIL” is ready to invest 2.7 billion dollars in geological prospecting on the Russian shelf. The company is also ready to carry out geological prospecting in four licensed sections on a total area of 134.700 square meters in the Laptev Sea as well as the East Siberian and Chukchi Seas.
The Laptev and Chukchi Seas are believed to be the least studied sections of the Russian Arctic shelf.
The LUKOIL suggested program includes detailed two-dimensional seismic prospecting on an area of 68,000 route kilometers and three-dimensional aerial seismic prospecting on an area of 13,600 kilometers.
After seismic prospecting, LUKOIL plans to drill five test holes to assess the hydrocarbon potential of promising boreholes and the whole region.
LUKOIL, independently or jointly with other oil companies, has submitted initiatives on development of the Russian Arctic shelf this year.
The LUKOIL, Surgutneftegaz, Bashneft and TNK-BP companies sent a collective letter to the Russian government in April with a request to expand the number of users of mineral resources harbored on the continental shelf.