The State Commission on Reserves has entered a new gas deposit in the Arctic into its register. The deposit’s natural gas reserves are estimated at 800 billion cubic meters.

The deposit, located in the Kara Sea, has already been named after Marshall Georgy Zhukov.

While exploring the new deposit, Rosneft bored a well 1.6 kilometers deep. Rosneftexperts believe that the gas field can be put in a “unique” category under the current reserves classification system.

The company stated that the Marshall Zhukov deposit is close to the Pobeda field, which is rich in both natural gas and oil. The two fields are located in the East-Prinovozemelsky1 area, where prospecting has been underway since 2014.

Plans to develop a gas chemical facility in the Yamal-Nenets Autonomous Area have been discussed at a meeting chaired by President Vladimir Putin.

According to Deputy Prime Minister Alexander Novak, the huge gas chemical cluster in Yamal will help attract more than 2 trillion rubles in investment and create 20,000 new jobs. Non-commodity and non-energy exports will grow by 125 billion rubles a year.

“The regional economy’s growth and diversification and new jobs are the main goals that we set for ourselves today. New industries cannot be developed in the region without also building up the local infrastructure, including railway, and we are consistently working on that. New tax incentives now being considered at the federal level should become a significant help in the implementation of large resource processing projects in our region,” Yamal Governor Dmitry Artyukhov said.

The head of the region added that the practical stage of project implementation is planned for 2021.

The investment project envisages the construction of new gas refining and gas chemical facilities. Earlier, representatives of the Yamal-Nenets Autonomous Area were included in a working group at the Ministry of Energy to develop gas chemical and gas production facilities on the Yamal Peninsula.

Scientific methods of oil and gas geology and geophysics (INGG) of the Siberian Branch of the Russian Academy of Sciences are developing new methods of three-dimensional seismic exploration to search for oil and gas fields in the Far North and the shelf of the Arctic seas. The work is carried out jointly with the Krasnoyarsk subsidiary of PJSC "Rosneft".

The amount will be invested in a coastal base maintenance of offshore projects in the Murmansk region till 2030.

The Prirazlomnaya platform - the first and still only existing extracting platform on the shelf of the Russian Arctic. Graphics made by the Merkator company.

The resource potential of hydrocarbons in the Arctic is significant, and the possibility of its development will depend on how the economic and political stability in the world. But for the beginning of active work on the development of fields in the region, countries need a strong set of technical and technological problems and to clearly define the international legal status of the Arctic waters and territories. In fact, the only country that really leads the work in the Arctic now is Russia, which has realized there are several large offshore projects.

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