Oil production at the Rosneft project deposits “East Oil” will be profitable even at a price of oil at $ 25-30 per barrel. About this in an interview with TASS in the fields of the St. Petersburg International Economic Forum (PMEF), the director of the project Vladimir Chernov said.
“There is such a term – a survival of the project. It defines the level of economic sustainability. So” East Oil “is a very survive project. It shows economic efficiency at the oil price of $ 25-30 per barrel. And this Despite the fact that today there is a huge amount of projects around the world freezed. It means that this oil will be in demand, “said Vladimir Chernov.
The “East Oil” project on Taimyr includes the already developed deposits of the Wankore group and new deposits in the north of the Krasnoyarsk Territory. Hydrocarbon production there may begin in 2024. At the beginning of the next decade, the production volume can be brought to 100 million tons.