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Russian oil and gas giants file 11 applications for fields on continental shelf

September 18, 2015, 12:21 UTC+3
1 pages in this article
© ITAR-TASS/Sergei Savostianov

MOSCOW, September 18. /TASS/. Russia’s Federal Agency for Subsoil Use (Rosnedra) is considering 11 applications received from oil major Rosneft and gas giant Gazprom for licenses on development of fields on continental shelf, Minister of Natural Resources and Environment Sergey Donskoi said on Friday.

"Rosnedra is considering 11 applications for fields on continental shelf, excluding 4, which already have government draft decrees," he said when answering whether the agency expects new applications from Rosneft and Gazprom for fields on continental shelf.

According to Deputy Energy Minister Kirill Molodtsov, oil production on the Russian shelf will reach 50 mln tonnes per year by 2035, 33 mln tonnes - on the Arctic shelf.

According to the forecast of the Energy Ministry, the production of shelf oil will increase from the current 17 mln tonnes to 20 mln tonnes by 2020 and further increase to almost 10% from total production in the country (50 mln tonnes against 525 mln tonnes).

Meanwhile, the Energy Ministry expects the annual production on the Arctic shelf in 2020 to amount to 3 mln tonnes, and to increase to 33 mln tonnes by 2035.

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