Russia’s Energy Ministry will submit a program for comprehensive development of deposits of the Yamalo-Nenets Autonomous District and the north of Krasnoyarsk Territory until 2020 to the government for consideration until March 31, said Sergei Erke, who heads the Ministry’s oil and gas exploration department.
The estimated reserves of the Yamalo-Nenets Autonomous District and the north of the Krasnoyarsk Territory comprise 2.8 billion tonnes of oil and 1.2 billion tonnes of gas condensate, he told Itar-Tass on Thursday after a State Duma meeting on exploration of Russia’s north.
Under the program the growth of hydrocarbon reserves in the Arctic region will total 78 million tonnes of oil, up to 35.7 million tonnes of gas condensate and up to 10 billion cubic meters of associated gas (with utilization rate of 95 percent) by 2020.
The total demand for investments makes up 3.2 trillion roubles.
The region will create new jobs – 45,000 jobs in the oil and gas sector, 55,000 – in the construction sector and up to 1 million jobs – in the adjacent areas.
In 2011 the Purpe-Samotlor oil pipeline with the annual capacity of 45 million will be commissioned. In 2012 the Zapolyarnoye field (Gazprom), the Vankor field (Rosneft) and the Samburg (ENI) will be launched.
Participants in the roundtable meeting recommended the government to submit amendments to Russia’s Tax Code on the introduction of a zero rate of subsoil tax and a zero customs duty on all types of equipment and goods that have no analogues in Russia.
At the same time they stressed the need for ensuring environmental security and preserving the traditional lifestyle of indigenous peoples of the North.