• 2022 October 28 10:28

    Vostok Oil will more than double oil supplies to the growing Southeast Asian market - Igor Sechin

    Russian oil exports to China and India exceeded 80 million tonnes in 2021

    Vostok Oil was the world’s only greenfield project capable of meeting the growing need for affordable energy resources amid underinvestment and a lack of meaningful sources of production growth in the near term, Rosneft press center cites Igor Sechin, the company’s chief executive officer.

    “Having made the strategic decision to “pivot to the East”, Russia is consistently stepping up energy supplies to the Asia-Pacific region. With the development of infrastructure, Russian oil exports to China and India exceeded 80 million tonnes in 2021. Vostok Oil will more than double oil supplies to the growing Southeast Asian market, primarily to our partners in China and India, and will provide reliable and assured energy supplies to the growing economies of all Asian countries,” Igor Sechin said at the Special Session of the 15th Verona Eurasian Economic Forum.

    “We are committed to a mutually beneficial partnership along the entire supply chain, from production to the sale of fuel to end consumers. Vostok Oil will ensure long-term stability of the oil market and reduce price volatility, preventing energy prices from skyrocketing for no one’s benefit,” Rosneft CEO said.

    He also noted that 2022 comprehensive geological exploration of the Vostok Oil project had confirmed a significant increase in oil reserves: the State Reserves Commission had approved the discovery of two new deposits with recoverable oil reserves of 101.4 million tonnes on the left bank of the Yenisei River at the Zapadno-Irkinskoye field.

    According to Sechin, also on the right bank of the Yenisey River, Peschanaya 1 Well of Payakha field tested, before reservoir fracturing, a natural flow of water-free oil in the depth interval of about 3,300 m at the reservoir pressure of 600 Atm. “This significantly exceeds the prognosis and improves the efficiency of the Payakhskoye field development. Preparations for hydraulic fracturing and drilling of a production well cluster are underway. All of the above, together with the results of 3D seismic exploration in the Taimyr cluster, indicate a significant increase—some 300 million tonnes—in the resource base of the project from 6.2 to 6.5 billion tonnes,” Rosneft CEO said.

    The construction of the Project’s primary facilities—the main oil transportation system—is proceeding as planned, with 25,000 piles installed and more than 100 km of pipe welded. The construction of a complex technological facility, an underwater crossing under the Yenisei River, has commenced. Rosneft continues to expand the port’s onshore and berth infrastructure and storage facilities, as well as the terminal at Bukhta Sever, which will become Russia’s largest oil terminal and provide transfer of over 100 million tonnes of oil per year from Vostok Oil’s fields along the Northern Sea Route.

    More than 6.5 million cubic metres of earth has already been dredged, nine berths and five logistics bases have been prepared for receiving and unloading, accommodation facilities have been fitted out for 5,000 personnel, and relocation camps for 1,000 more personnel are in the final stages of construction. In the 2022-2023 season, up to 6,000 staff and up to 2,000 vehicles will be permanently employed.

    During the summer navigation period of 2022, more than 600,000 tonnes of construction cargo and steelwork were transported, with 285,000 tonnes via the Northern Sea Route (more than 400 voyages were made).

    “The implementation of the project continues as per the previously announced schedule. We look forward to seeing our friends, including SOCAR, as participants in this project!” Igor Sechin said.

    Related links:

    Rosneft commences construction of river berth infrastructure under Vostok Oil project >>>>




2024 November 4

17:27 Hapag-Lloyd christens the “Hamburg Express” in the Port of Hamburg
15:52 Paradip Port to be fully mechanised by 2030
14:13 Autonomous vessel to sail 1,500 km from Mumbai to Tuticorin
13:48 DPA Kandla in a plan for new container terminal and multipurpose berth with ₹27,000 crore investment
12:18 China's 41st Antarctic expedition begins
10:34 10 years old Meyer Turku aims for carbon-neutral shipbuilding
09:41 Port of Vancouver vessel traffic management system enhances marine safety and trade efficiency throughout Burrard Inlet

2024 November 3

15:57 Babcock completes deep maintenance of Lambeth River Station
14:09 Fincantieri and BQ Solutions sign MoU to advance naval education and training in Qatar 31 October 2024
12:51 Rolls-Royce develops new mtu energy and automation solutions for future submarines
10:19 Cepsa changes its name to Moeve
09:46 Singapore says no oil sightings arising from oil-related incidents

2024 November 2

18:06 Singapore’s first fully electric cargo vessel wins Green Ship Award at SRS Forum
17:20 VTTI looks to buy into LNG terminals in Asia
16:48 Hudong-Zhonghua Shipbuilding signs contracts for 12 large container ships in the past 10 days
16:32 CHIMBUSCO secures its first LNG refueling service in Europe
15:46 SLB OneSubsea awarded subsea boosting contract for bp’s Kaskida project in Gulf of Mexico
15:24 Wilson Sons to start construction of three new eco-friendly tugboats in 2025
14:57 Rem Offshore holds keel laying ceremony for REM Pioneer
12:30 World's first conversion of large container ship to run on methanol successfully completed
11:52 New offshore platform taps into potential of heavy-oil reserves in China
11:24 HRDD completes desulphurization tower system conversion for a PCTC
09:48 TOWT launches its first cargo sailing ship in Le Havre

2024 November 1

18:00 Marlink to deploy Sealink NextGen hybrid solution on 26 tankers for Transpetro
17:38 Austal Australia delivers 8th Evolved Cape-class Patrol Boat to Royal Australian Navy
17:23 Acteon and Applied Fiber enter MoU to collaborate on mooring solutions
16:54 KOTUG International and Maritalia S.A. secure major marine services contract for bp’s Greater Tortue Ahmeyim gas project
16:24 BW LPG takes delivery of vessel BW Chinook from Avance Gas
15:44 HD Hyundai may nearly double shipbuilding capacity in Vietnam
15:24 Samsung Heavy Industries secures $390 mln contract for four Suezmax tankers
14:36 EU imposes duties on unfairly subsidised electric vehicles from China
14:23 Port of Montreal workers at two terminals start new strike
13:41 Chinese ports container volume rises 7.7 % from January to September of 2024
13:22 MOL, COSCO Co-host 6th Shanghai International LNG Shipping Forum
12:43 Global schedule reliability drops to 51.4% in September 2024
12:22 GTT secures technical services contract with Maran Tankers for eight LNG Dual-Fuel Suezmax vessels
11:45 MSC inks up $2.1bn container ship at the reborn shipyard Rongsheng Heavy Industries
11:28 China's first 'smart factory' for offshore oil, gas equipment fully operational
10:43 Yanmar completes land-based demonstration testing of a hydrogen engine for power generation in coastal vessels
10:23 Samsung Heavy wins W358 bln LNG ship order in Asia
09:58 EU greenhouse gas emissions fell by over 8% in 2023

2024 October 31

18:00 MAN receives multiple orders for MAN B&W G95ME-LGIM Mk 10.5 methanol engines to power a series of VLCV
17:23 The Marechal Duque de Caxias platform ship starts producing in the pre-salt layer
17:06 IWS Seawalker CSOV makes it 1000 ship designs from Kongsberg Maritime
16:45 “K” Line Wind Service and Japan Marine United sign agreement for Phase 2 of NEDO’s Green Innovation Fund Project
16:04 Wärtsilä introduces its innovative NextDF feature for the Wärtsilä 25DF dual-fuel engine
15:45 MOL plans to change charter contract for vessels related to Russia business
15:44 MABUX: Bunker price trends in the world's four largest hubs, Oct 8 - Nov 1, 2024
15:23 HHLA raises expectations for fiscal year 2024
14:59 Major fire extinguished at UK nuclear submarine yard
14:16 AD Ports Group and Somali Ministry of Fisheries & Blue Economy sign MoU for maritime sector development
13:44 Maersk reports Q3 results
12:43 UECC orders four advanced multi-fuel battery hybrid pure car and truck carriers from China Merchants Jinling Shipyard Nanjing
11:39 Japanese сonsortium produces design concept for eco-friendly VLCC
11:12 TMC Compressors bags contract to supply four LNG carriers
10:46 Panama Canal operating costs down 5% in FY2024
09:29 HIF Global and Antarctica21 promote sustainable tourism with e-Fuels

2024 October 30

18:00 East Java Multipurpose Terminal partners with Sinarmas LDA Usaha Pelabuhan
17:22 Container traffic at Iranian ports up 5% in the first half of the current Iranian calendar year
17:06 CIMC SOE delivers second 7,600 cbm LNG bunkering vessel to Seaspan Energy
16:42 Klaveness Combination Carriers makes first move into wind with bound4blue eSAIL system on CABU III newbuild
16:23 Transport workers' strike in Argentina to affect port operations
15:59 South Korea's seaport container cargo up 3.5 pct in Q3
15:46 Stena Line marks significant milestones in build of NewMax ships, Stena Futura and Stena Connecta
14:55 DNV and LR grant AiP to HD Hyundai Heavy Industries for ammonia duel-fuel large container vessel
14:45 Jiaxing Port adds a new sea-river intermodal operation area
13:32 Maersk signs long-term methanol sourcing deal
13:08 MOL and Pyxis sign Collaboration Agreement for development and market expansion of electric vessels in Singapore and Japan
12:40 AD Ports Group and the General Department of Vietnam Customs sign MoU
12:21 TE H2, CIP, and A.P. Møller Capital Partner for a large-scale project in the Kingdom of Morocco