Rosneft commences construction at port Sever Bay

Rosneft has commenced the construction of Russia’s largest oil acceptance/shipment terminal and main cargo berth for sea-going vessels at port Sever Bay. According to the company’s press centre, the works are underway near the Dikson settlement in the north of the Krasnoyarsk Territory as part of the large-scale Vostok Oil project.

The first phase foresees the construction of three cargo and two oil berths with a total length of almost 1.3 km, an acceptance/shipment point with 27 tanks of 30,000 cbm each, as well as technological and auxiliary infrastructure facilities.

The oil terminal in Sever Bay port is a strategically important facility for ensuring the smooth onward journey, via the Northern Sea Route, of oil from the Vostok Oil fields. It will be Russia’s largest oil terminal with a tank farm for receiving and storing oil (102 tanks by 2030).

Oil will be delivered to Sever Bay port by a 770-km long pipeline from the fields of the Vankor and Payakha clusters.

Phase I infrastructure will ensure annual handling of 30 million tonnes via Sever Bay port’s terminal, with a gradual expansion to 100 million tonnes by 2030.

Vostok Oil is the largest investment project in the global oil and gas industry. The resource base of the project exceeds six billion tons of premium-quality sweet crude oil with a record low sulphur content.

The Vostok Oil Project comprises 52 licence areas in the northern part of the Krasnoyarsk Territory and in the Yamal-Nenets Autonomous District, with 13 oil and gas fields located within their boundaries, including the fields of the Vankor and Payakha clusters.

Low unit lifting costs along with the low carbon footprint, the size of which is 75 percent less compared to that of other major petroleum projects around the world, make Vostok Oil one of the most promising oil production projects in the world.

For more information visit www.rosneft.de