Gazprom Neft completes first winter sea shipments of oil from Yamal Peninsula

Jun 04, 2015 12:00 AM

JSC Gazprom Neft reported completion of its first winter shipments of oil from Novoportovskoye field in Russia’s Yamal Peninsula.

Beginning in February, seven leased tankers carried a total of 110,000 tonnes of Novy Port crude. The oil has been sold in northwestern Europe, with all payments made in rubles.

The first sea shipments of Novy Port oil were made in summer 2014. Plans for winter transportation were approved in December.

Novy Port crude has lower sulfur content than the Urals blend, the company said.

“The long-term strategy of Gazprom Neft envisages increasing production at fields in the far north, both on and offshore,” said Alexander Dyukov, chief executive officer.

Production from those fields will account for a major proportion of the company’s volumes in a few years, the company said.

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