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Tax revenues from Russia's northernmost oil field to amount to $15.52 bln — Gazprom CEO

September 21, 2016, 14:40 UTC+3
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NOVO-OGARYOVO, September 21. /TASS/. Tax revenues to budgets of all levels during the development of Vostochno-Messoyakhskoe field will total around 1 trillion rubles ($15.52 bln), Gazprom CEO Alexei Miller said on Wednesday.

"Investment in the development of the field amounted to $1.32 bln, during the operation of the field until 2040 budgets of all levels will receive taxes in the amount of $15.52 bln," Miller said. 

Investment in Vostochno-Messoyakhskoe field (Gydan Peninsula, Yamalo-Nenets autonomous district) until the end of 2016 will amount to $1.32 bln, $3.97 bln - until 2040, according to the press release on putting the field into commercial operation, which will be held by the Russian President Vladimir Putin.

"Investment in the project from 2010 until the end of 2016 will amount to $1.32 bln. Total investment until 2040 - around $3.97 bln, total tax revenues until 2040 - $13.67 bln," according to the press release.

Joint venture of Rosneft and Gazprom Neft - Messoyakhaneftegaz - owns the license for the development of the field.

The President launched commercial operation of Vostochno-Messoyakhskoe oilfield via the teleconference on Wednesday. The launching ceremony of the largest Arctic project was attended by Chief Executive Officer of Gazprom Alexei Miller and directly from Vostochno-Messoyakhskoe field - by Chief Executive Officer of Rosneft Igor Sechin.

The group of Messoyakha fields comprises Vostochno-Messoyakhsky and Zapadno-Messoyakhsky areas - the northernmost onshore fields of Russia, where commercial operations are underway. The group of fields is situated on the Gydan Peninsula in Arctic Russia. Oil and gas condensate resources are over 470 mln tonnes of oil and 188 bln cubic meters of gas.

The field is fully provided with independent infrastructure, capable of continuously supporting all production, treatment and transportation processes.

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