Russia's Vankor Field Pumps First Million Tons of Crude

The first million tons of crude oil has been produced at the Vankor oil and gas field in the Krasnoyarsk Territory, while daily output at the field increased to 20,000 tons (146,000 barrels).

The on-field facilities constructed in a record short period of time are designed for a gradual increase in oil production -- by the end of 2009 daily production is expected to grow to 30,000 tons per day (220,000 bpd). Total production in 2009 is expected to reach 3 mln tonnes (22 mln barrels). Annual peak production is estimated at 25.5 mln tonnes (510,000 bpd) of oil.

An official ceremony was held on August 21 to mark the launch of commercial production at the Vankor field. The ceremony was attended by a delegation led by the Russian Prime Minister Vladimir Putin.

Vankor oil and gas field is located in Turukhansky District (Krasnoyarsk Territory). Development of the field, which currently has estimated recoverable reserves of 520 mln tonnes (3.8 bln barrels) of oil and 95 bln cubic meters of gas, is being carried out by a Rosneft subsidiary, Vankorneft. Crude oil produced at the field is transported via the 556-kilometer Vankor -- Purpe oil pipeline in Yamalo-Nenets Autonomous District, connecting to the Transneft pipeline system.

Vankor is an integral development project for East Siberia and the Far East. Oil from the field will be the main input to the East Siberia -- Pacific Ocean pipeline and the primary feedstock for unique petrochemical complex planned for construction in the Russian Far East.