Rosneft Approves Project in Yamal-Nenets District

Rosneft's Board of Directors approved the development of the Kharampur gas field in the Purovsky district of the Yamal-Nenets. 

‘The development of the Kharampur gas field is an important step forward in implementation of the company’s gas strategy in a bid to raise the value of its gas business. The gas to be produced at Kharampur will be one of the key sources of supplies under the long-term contracts by Rosneft,’ reads a note released on Monday by the Russian company. 

The production is set to start in 2017. According to the press release, Phase 1 of the projects sees the production of 190 bcm of natural gas. 

‘The project will require about 1 billion rubles of investments into exploration for the period 2013-2014. Following pilot works at the hard-to-recover Turnonian layer, the company will choose the optimal well design and the most efficient technology of operation,’ explains the company.