Russia to build first helicopter carrier by 2022Military & Defense May 25, 17:41
OPEC extends agreement on oil production cutBusiness & Economy May 25, 17:16
Russia, China sign memorandum on cooperation in AntarcticaBusiness & Economy May 25, 17:15
Russian diplomat calls Kerry’s advice to learn Russian ‘strange’Russian Politics & Diplomacy May 25, 17:11
Russian State Duma committee upholds Nebenzya’s appointment as UN permanent representativeRussian Politics & Diplomacy May 25, 16:56
Putin calls talks with Chinese foreign minister important step ahead of Xi Jinping’s visitRussian Politics & Diplomacy May 25, 16:43
Russian diplomat says West continues to ‘turn a blind eye’ to chemical incidents in SyriaRussian Politics & Diplomacy May 25, 16:35
Diplomat blasts CNN’s media blitz against Russia's US envoyRussian Politics & Diplomacy May 25, 16:19
Russian diplomat warns about possible escalation of violence in SyriaRussian Politics & Diplomacy May 25, 15:42
“Rosneft’s investments in the Arctic shelf programme will amount to about $400 billion in the next 20 years,” he said at a meeting on the Arctic development chaired by Russian President Vladimir Putin. “We expect this programme to yield a multiplicative effect, which, according to the Russian Academy of Sciences, might be as high as by 7.7 times.”
The Arctic development might serve as a driving force for economic development of the entire country, the Rosneft CEO noted.
This year, his said, the company planned to begin drilling of the first prospecting well Universitetskaya-1 in the Kara Sea. The oil and gas bearing area there extended across 1,200 square metres, with the oil and gas bearing layer 500 metres thick, he noted, adding that more oil and gas fields were likely to be discovered at the Kara Sea. “According to preliminary seismic data, we have discovered about 34 oil and gas bearing structures,” he stressed.