Russia Announces Discovery of 55M-Ton Arctic Oil Field
The energy giant revealed that the newly identified petroleum site sits within the Arctic zone of the Yamalo-Nenets Autonomous Area and will bear the name of distinguished geologist Alexei Kontorovich.
Alexander Dyukov, Gazprom Neft's chief executive, signaled ambitious expansion plans, stating: "Both in the Arctic zone and in Eastern Siberia, as well as in many other regions, there are still opportunities to find new large and super-large hydrocarbon fields," He confirmed the company's commitment to aggressive geological exploration campaigns throughout its operational territories.
As one of Russia's dominant petroleum producers, Gazprom Neft serves as a cornerstone of Moscow's Arctic energy expansion blueprint, positioning the discovery as a strategic win for the nation's resource development objectives.
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