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TotalFinaElf develops Russian deposits

French oil-and-gas concern TotalFinaElf is ready to invest in development of Vankor deposit about 3 billion dollars. This was stated by Francois Rafen, the general director of TotalFinaElf Investigation Development Russia, which is affiliated structure of the French concern.

French oil-and-gas concern TotalFinaElf is ready to invest in development of Vankor deposit about 3 billion dollars. This was stated by Francois Rafen, the general director of TotalFinaElf Investigation Development Russia, which is affiliated structure of the French concern. For the beginning it is necessary for the company to finish the deal on purchase of a control share holding of joint-stock company "YeniseyNeft" owning the license for investigation and development of Vankor. Negotiations concerning the purchase are conducted since April of the last year. Then the agreement on purchase of 52 % of YeniseyNeft?s shares was signed, but the bargain was in every possible way blocked by large shareholders. Today the first assistant to the governor of Krasnoyarsk Region, Lev Kuznetsov, has declared that all disputes concerning the control share holding of YeniseyNeft will be solved according to the law.

TotalFinaElf takes the fourth place in the world on volumes of extraction of hydrocarbons. As for petroleum this company extracts 2,197 million barrels a day. TotalFinaElf is the largest buyer of crude petroleum from Russia: 40 million tons in 2002 added up to 25 % of the Russian export of petroleum and mineral oil. Besides TotalFinaElf is the largest in Europe and Asia investor in oil-and-gas branch, annually allocating in development of new deposits 10 billion dollars.

In Russia Vankor deposit is not the first project sold to the French company. Together with Tatneft it has developed Romashkinskoe deposit, it has conducted oil recovery in Haryaginskoe deposit in Yamalo-Nenetskii autonomous region, but Vankor is its biggest project.

As a whole the project of development of Vankor deposit is designed for 15-20 years. For this time the French are going to enclose about 3 billion dollars. TotalFinaElf is going to construct 186 horizontal chinks, 86 water and gas pumping stations and water filling terminals. Also it is supposed to lay an oil pipeline up to the seaport Dixon (740 kilometers) and to construct there bulk-oil terminals.

According to the governor of Krasnoyarsk Region, Alexander Hloponin, the project on development of Vankor deposit is economically favorable for the region. Many problems of the region will be solved, in particular, creation of additional workplaces and supply of northern areas with mineral oil, for which annually are spent several billion budgetary rubles. In this connection the regional administration is going to render all assistance in realization of the project. Francois Rafen has declared, in turn, that the significant part of tax receipts from oil recovery will stay in the territory of the region. According to experience of work on Haryaginskoe deposit, from each ton of petroleum local and regional budgets will receive approximately 180 $.

For information: Vankor deposit is located in the North Evenki autonomous region in Turuhanskii area, on the border with Taimyrskii autonomous region. The area of Vankor licensed site adds up to 1485 sq. km, including Vankor deposit - 140 sq. km.

Extracted stocks of petroleum from Vankor deposit make 105,1 million tons of category С1 and 20,2 million tons of category С2, stocks of gas - 76,8 billion cubic meters. The reconnoitered stocks of petroleum make approximately 25 % from general forecasted hydrocarbon resources of the licensed territory - in addition 54,9 million tons of category С1, and of category С2 - 312 million tons.

Author: Nadezhda Paderina

Source : Neftegaz.ru