Sechin: Investments in the Implementation of the Vostok Oil Project are Estimated at 12 Trillion Rubles
The head of Rosneft noted that the project is self-sustaining
Investments in the implementation of the Vostok Oil project are estimated at 12 trillion rubles for the development period. The head of Rosneft, Igor Sechin, announced this to Russian President Vladimir Putin during a visit to the Zvezda shipyard.
“The project is self-sustaining. In general, it is about 12 trillion (rubles) for the development period. The largest oil and gas project in the world is 6.5 billion tons of oil (reserves) and about 10 trillion cubic meters of gas,” Sechin told the president in response when asked about the volume of investment.
In 2020, Rosneft began large-scale development of fields in Taimyr as part of the Vostok Oil project. This includes NK assets in the north of the Krasnoyarsk Territory – 52 license areas, including the Vankorskoye, Suzunskoye, Tagulskoye, Lodochnoye fields, as well as new ones – Payakhskoye (with reserves of more than 1 billion tons of oil) and Zapadno-Irkinskoye (0.5 billion tons of oil ). The potential for production of liquid hydrocarbons there could be 115 million tons per year. Already in 2024, it is planned to ship 30 million tons of oil from Vostok Oil via the Northern Sea Route.
