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News // Oil and gas worldwide

Drive As A Token of Success

13 March 2001 , 13:34411
JSC Severnaya Neft plans to begin the drilling procedures and experimental and industry operation of the group of oil-fields Hamburgers` Swell (the Nenets Autonomous okrug) in 2002. The fields will be put into industry operation in 2004, and the highest production levels will be achieved in 2006. 15 mln tons are planned to be produced during the first five years. The state profit for the entire licensed period - 25 years ? will amount to $3.3 bil. The total capacity of capital investments into the realisation of the project is estimated at the rate of $864 mln. The period of the project`s compensation is 5 years.

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