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Consultations over Kara Sea seismic survey

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MOSCOW – Public hearings have been staged in Archangelsk to discuss planned seismic research programs in the Kara Sea off northern Russia.

The activity will take place in the East Prinovozemelsky-1 and East Prinovozemelsky-2 blocks, which Rosneft is developing jointly with ExxonMobil. Rosneft was awarded licenses in 2010 to perform geological studies and produce oil and gas at these blocks and also East Prinovozemelsk-3.

The company estimates combined recoverable resources in the area at 6.3 billion metric tons (6.9 billion tons) of crude and condensate and 14.6 tcm (516 tcf) of gas.

The hearings brought together residents of Archangelsk and public organizations with seismic research specialists and independent ecologists. Results will be submitted for state environmental examination.

Rosneft plans to conduct the seismic acquisition from July to October this year using Russian contractors. The 3D seismic will be acquired over East Prinovozemelsky-1 block and 2D seismic over East Prinovozemelsky-2 block, with Rosneft specialists and teams of ecologists monitoring the impact on marine mammals.

Rosneft President Eduard Khudainatov said: “Rosneft and ExxonMobil have 15 years’ experience of joint work on the Sakhalin shelf, where the harsh natural conditions and climate are comparable with those of the Arctic seas. The application of advanced innovative technologies in exploration work based on best international practices and compliance with the most demanding environmental requirements and standards is the way to eliminate any risks for the environment and preserve the unique Arctic flora and fauna.”

2/8/2012

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