Rosneft Starts Production Drilling at Northern Chaivo Field

Rosneft started implementation of a large-scale project aimed at drilling of the first production well at the field North-end of Chaivo. Rosneft President, Chairman of the Management Board Igor Sechin and Sakhalin Region Governor Alexander Khoroshavin attended the grand ceremony.

As stated by Igor Sechin speaking at the ceremony of the drilling start:

“Rosneft enthusiastically participates in implementation of the development program of the Far East initiated by Russian President Vladimir Putin. Far East is the priority area for Rosneft. Our largest projects in the region are represented by offshore development, creation of the shipbuilding cluster, construction of the Far East Petrochemical Company, and the LNG plant on Sakhalin.

“Development pattern of the field involves innovative drilling technologies. The works will be carried out with the use of unique coastal drilling rig Yastreb, which has no analogues in the world. Also, effectiveness of the project is achieved by using capacity of created Sakhalin-1 project infrastructure. This is an example of how smart investments enter our energy sector, creating a fundamentally new technological level of offshore development both from an efficiency and environmental safety standpoint.”

Press Release, May 19, 2014; Image: Rosneft

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