The platform operated by Arctic oil subsidiary Gazprom Neft Shelf, which is the first of its kind in the Russian Arctic, made headlines in recent months as the scene of the protest of the so-called ‘Arctic 30’ Greenpeace activists.
“Gazprom has begun oil production at the Prirazlomnoye deposit,” the company said in a brief statement on the field, which is situated 60 kilometres off northern Russia in the Pechora Sea.
“This is the first project in Russia’s history aimed at developing the resources of the Arctic shelf,” the company said.
Discovered in 1989, the Arctic oil deposit is estimated to contain around 500 million barrels of oil reserves and is targeted to produce around 42 million barrels a year.
The platform has been in place since 2011 but technical challenges have slowed its entry to production.