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  Wednesday, December 11, 2019
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Without developing the Arctic shelf it is impossible to meet the Russian Energy Strategy
Without developing the Arctic shelf it is impossible to meet the Russian Energy Strategy goals until 2020, adopted by the cabinet of ministers in April 2003. Valeri Kaminski, general director of the National Oceanology Research Institute, said this on Wednesday at the international conference Arctic Shelf Oil and Gas-2004. "The Arctic shelf is the largest and hitherto actually unused reserve for the Russian oil and gas industry. Without tapping it, it is impossible to meet the goals of the Russian energy strategy until 2020", Kaminski said. He noted that the total oil and gas potential of the Russian Arctic shelf zone is about 100 billion tonnes of hydrocarbons. "Even assessing the recoverable reserves at 60 billion tonnes, Russia can in terms of money get up to 60 trillion dollars, which is a tremendous potential for our country", Kaminski said. The developed infrastructure of the Arctic zone and the Northern Sea Route makes offshore fields accessible. At the same time, the development of fields in East Siberia and the Far Eastern region of Russia requires serious investments to be made, Kaminski said. In line with the Russian Energy Strategy, by 2020 the Arctic shelf is expected to produce up to 25 percent of oil and over a third of gas of Russia's total output. According to Kaminski, the first large field on the Arctic shelf will be the Prirazlomnoe oil field, opened on the shelf of the Barents sea in 1989. "The factory Sevmash is building an ice-strengthened platform for drilling, production, temporary keeping and offloading of oil. The platform will be located in this field and begin production by late 2005", Kaminski said. The international conference Arctic Shelf Oil and Gas-200 is held in Murmansk for a second time. It is attended by representatives of 90 oil- and gas-producing enterprises in ten countries. The goal is to pool the geological survey efforts in the further development of the Arctic shelf and prepare the infrastructure for offshore oil and gas development. The first conference was held in Murmansk in 2002.
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