News
Publish date: December 12, 2005
News
In 2006, the company will complete all exploration works at the field, which is located in the eastern part of the Barents Sea. Arktivshelfneftegaz believes the field will be ready for production in 2011. Water depths in the area of the field are only 10-19 meters, the BarentsObserver reported.
Between 2002-2005, Arktivshelfneftegaz invested $50 million in exploration operations in the Barents Sea. Geologists believe the company now has found as much as 300 million tonnes of oil resources there.
The company owns licenses to the development of three fields in the area, the Medynsko-Varandeyskoe, the Pomorskoye and the Kolokolmorskoye.
Russian president Vladimir Putin has told the United Nations atomic energy watchdog that Russia plans to restart Ukraine’s embattled Zaporizhzhia nuclear plant, currently occupied by Russian troops and technicians, fueling worries about a serious nuclear accident on the front lines of a grinding military conflict.
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Recent attacks on Ukraine’s Zaporizhzhia nuclear power plant "mark the beginning of a new and gravely dangerous front of the war," the UN atomic agency's director general said last week.
After years of inaction, Germany is working on its Carbon Management Strategy to resolve how CCS can play a role in climate action in industry. At the end of February, the Federal Ministry for Economic Affairs and Climate Action published first key points and a proposal to amend the law Kohlenstoffdioxid Speicherungsgesetz (KSpG). Bellona Deutschland, who was actively involved in the previous stakeholder dialogue submitted a statement in the association hearing.