Gazprom Neft to commence commercial operation of Messoyakha field in September 2016

Gazprom Neft is going to commence commercial operation of the Messoyakha field in September 2016, IAA PortNews correspondent cites Aleksandr Dyukov, President of Gazprom Neft, as saying at the SPIEF (St. Petersburg International Economic Forum). 

Aleksandr Dyukov also emphasized that Arctic oil production is profitable for the Company with its OPEX as high as USD 3 per bbl of output when it comes to the Novoportovskoye field.

The Messoyakha fields include the Vostochno (Eastern) and Zapadno (Western) Messoyakhsky acreages. The fields, originally discovered in the 1980s, are the northernmost (of the known to date) onshore oil fields in Russia. Commercial production at the fields began in 2016. Gazprom Neft has a 50-percent holding in this project. As at 1 January 2016, C1 and C2 recoverable reserves at the Messoyakha fields are expected to total more than 470 million tonnes of oil and gas condensate, and 188 billion cubic metres of gas. Geological prospecting undertaken in 2014 has seen estimates of recoverable C1 reserves at the Vostochno-Messoyakhskoye field increase by almost 50 million tonnes, to 204 million — an increase of 32 percent. Pilot operations at Vostochno-Messoyakhskoye saw the first oil from this field produced in October 2012.