Russia Announces 82-Million-Ton Arctic Oil Discovery | OilPrice.com

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Russia Announces 82-Million-Ton Arctic Oil Discovery | OilPrice.com
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Russian oil and gas giant Rosneft claims to have made an 82-million-ton oil discovery in the Pechora Sea.

- Jul 04, 2022, 11:00 AM CDT

Rosneft discovered the field thanks to a drilling campaign in the Medynsko-Varandeysky area.

In mid-June, Rosneft said it was going ahead with its Vostok Oil project in the Arctic, which Sechin has described as “the only project in the world that can bring a stabilizing effect on the oil market.”

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