Rosneft Produced 1 Millionth Ton of Crude Oil at the Northern Tip

Rosneft has officially announced that it produced one millionth ton of crude oil at the Northern Tip of Chayvo field on the shelf of the Sakhalin Island. This milestone was reached just eight months after drilling of the first well at the field was completed in September 2014 from the onshore site.

RN‑Shelf‑Far East, Rosneft subsidiary, is currently producing crude oil at the field with two unique extended-reach wells that are 10,825 m and 9,923 m of measured depth. Their cumulative daily output amounts to over 5,000 mln tons.

The whole amount of produced crude oil is transported by oil tankers from the De-Kastri terminal of Khabarovsk Territory. 10 shipments have already been dispatched to Asia Pacific region. Associated petroleum gas is marketed domestically to Far East-based consumers.

The development plans for the Northern Tip of Chayvo field implies further application of innovative drilling technologies, with the construction of a cluster bringing together five unique wells on the onshore drilling site in the near term. Achieving the maximum output of up to 2 mln tons PA by 2017 is the next operational objective.

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