The license, which covers exploration, development, and production of hydrocarbons, runs until July 1, 2039.
Parent company Gazprom Neft estimates the block’s recoverable reserves at more than 100 MMtoe (110 MMtoe). The company bases this figure on analysis of 2,150 sq m (23,142 sq ft) of existing 3D seismic and other geological and geophysical data.
The company plans to drill an initial prospecting and appraisal well at the Ayashsky formation this summer.
Gazprom Neft CEO Alexander Dyukov said: “Developing new projects on the Russian continental shelf means Gazprom Neft can optimize the experience gained in developing and operating thePrirazlomnoye field in the Pechora Sea, and the Novoportovskoye and Messohakhskoye fields in the Yamalo-Nenets Autonomous Okrug [onshore northern Russia].”
Last year thePrirazlomnayaoffshore platform produced 2.154 MMt (2.374 MMt) of oil, two and a half times more than in 2015, with 800,000 metric tons (881,000 tons) of oil dispatched to customers in northwest Europe.
The oil is offloaded to the shuttle tankersMikhail Ulyanov and Kirill Lavrov. The offloading line is equipped with an emergency shutdown system, allowing offloading to be terminated instantaneously in the event of a serious incident.