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2015-04-07 20:15:00

GAZPROM & PETROVIETNAM ARCTIC COLLABORATION

GAZPROM & PETROVIETNAM  ARCTIC  COLLABORATION

Further to its exclusive talks on possible cooperation, JSC Gazprom Neft and PetroVietnam have set October as a tentative deadline for prioritizing prospects and terms for their partnership at Dolginskoye field and the Severo-Zapadnyi (North West) blocks in Russia's Pechora Sea.

The agreements, signed on Apr. 6, include the formation of a dedicated working group and a list of priority oil and gas fields for the two blocks along with the establish of basic terms for future joint exploration efforts.

Dolginskoye oil field lies 120 km south of the Novaya Zemlya archipelago and 110 km north of Russia's mainland. Discovered in 1999, the field has seen four exploration wells—three in the north and one in the south. The North West license block is near Dolginskoye and Prirazlomnoye shelves where Gazprom Neft also operates.

The company said seismic work includes more than 11,000 line-km of 2D and 1,600 sq km of 3D seismic.

Dolginskoye field was discovered in 1999. Three exploration wells have been drilled, two in the north and one in the south. Gazprom Neft holds a total of five licenses for the blocks on the Arctic shelf.

ogj.com

Tags: GAZPROM, PETROVIETNAM, RUSSIA, OIL, FIELD, DOLGINSKOYE, PECHORA, SEA

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