Gazprom Neft investing RUB 16bn in Arctic projects in 2017

Gazprom Neft Deputy CEO for Shelf Projects Development Andrey Patrushev said on the sidelines of the ‘Arctic: Territory of Dialogue’ International Arctic Forum that the company plans to invest these funds in seismic research at the Dolginskoye oil field in the Pechora Sea as well as oil production at the shelf Prirazlomnoye oil field.

“We are planning roughly RUB 15 billion for Prirazlomnoye and about a billion for seismic research at Dolginskoye,” Mr. Patrushev said in response to a question from TASS News Agency about the volume of investment in Arctic projects.

Photo from Gazprom Neft website (Andrey Patrushev on the left in the photo)