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Rosneft starts supplying oil from Northern Chayvo

Rosneft has begun deliveries of oil produced at the Northern End of the Chayvo license area on the coastal shelf of Sakhalin Island, the company said.

The company plans to export another batch of raw materials by the end of the year. For transportation of hydrocarbons, a special tanker fleet with a deadweight of each vessel of 100 thousand tons is used, as well as support icebreakers. Tankers have a reinforced ice class and a double hull for safe transportation of cargo even in conditions of severe ice conditions.

Sokol oil has a low sulfur content - 0,27% and density of 0,835-0,837 kg per cubic meter. Due to this, it costs more expensive than marker for South-East Asia, Dubai, and also Oman. The main buyers of Sakhalin oil are nearby Japan and South Korea, but many parties go to other countries of the Asia-Pacific region: China, Thailand and others.

The North End of the Chayvo field license area is located within the shallow water part of the North-East Sakhalin shelf. Oil and condensate reserves are over 15 million tons, gas reserves are about 13 billion cubic meters.

Rosneft launched a large-scale project to drill the first production well in the licensed area, which includes the northern tip of the Chayvo field, in May 2014, and in September this year it began putting the site into operation. The field development model implies the use of innovative drilling technologies. The works are carried out using the unique installation "Yastreb", which has no analogues in the world.

North Chayvo in the future will provide annual production on the shelf of the order of 1,5 million tons of oil. GasGAZA-0,50% will become the initial resource base for the prospective Far Eastern LNG plant.

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