Russia's oil company, Rosneft has announced that they have discovered a 'huge oil deposit' in the Pechora Sea, containing around 82 million tons of oil according to Russian state news RT.
The Russian news agency attributed the discovery to a drilling campaign in the Medynsko-Varandeysky region. Rosneft announced, "During the tests, a free flow of oil was obtained with a maximum flow rate of 220 cubic meters a day," and said that the oil is "oil is light, low-sulfur, low viscosity".
Rosneft also said that their exploration in the Pechora Sea proved that there are "significant oil potential of the Timan-Pechora province on the shelf and became the basis for continuing the study and development of the region.”
The Russian news agency attributed the discovery to a drilling campaign in the Medynsko-Varandeysky region. Rosneft announced, "During the tests, a free flow of oil was obtained with a maximum flow rate of 220 cubic meters a day," and said that the oil is "oil is light, low-sulfur, low viscosity".
Rosneft also said that their exploration in the Pechora Sea proved that there are "significant oil potential of the Timan-Pechora province on the shelf and became the basis for continuing the study and development of the region.”