Gazprom Neft’s production on Yamal to reach 30-35 mln t o. e. by 2020-25

Gazprom Neft’s production at Yamal fields will reach 30-35 mln t o. e. by 2020-25, IAA PortNews journalist cites Denis Sugaipov, the Head of Major Projects at Gazprom Neft, as saying at the 4^th international conference Yamal Neftegaz arranged by Vostock Capital in Salekhard.

According to him, the Company is going to invest over RUB 455 bln within the 5-year period into the development of the Yamal fields. By today, the investments exceeded RUB 125 bln. 

To transport hydrocarbons the Company is building its own fleet - 8 ice class tankers and two supply vessels. As of today, the Company’s fleet numbers 2 ice class ships and 5 tankers assisted by icebreakers of Atomflot FSUE. 

By the end of 2015, the Company is expected to put into operation an export terminal at Cape Kamenny for round-the-year shipment of crude oil from the Novoportovskoye field. The terminal’s capacity is up to 8.5 mln t per year. The field and the terminal will be linked by a 100-km long pipeline.