Rosneft may boost output at Verkhnechonsk field by tenfold

6/12/2013

Rosneft may boost output at Verkhnechonsk field by tenfold

BY JAMES MARSON

MOSCOW -- Rosneft could ramp up production at its Verkhnechonsk field by as much as tenfold by 2017, depending on the results of exploration work, a company official told The Wall Street Journal.

Verkhnechonsk and surrounding fields in Irkutsk Oblast in Eastern Siberia could produce up to 20 MMtpa, compared with the current level of 2 MMtpa, the official said.The final figure will become clear after exploration work is completed, the official added.

The additional output would likely be sent eastward to Asia. Rosneft in March signed a deal to more than double oil deliveries to China from the current 15 MMtpa.

Rosneft acquired control of Verkhnechonsk when it took over TNK-BP in March to become the world's largest listed oil producer.

Dow Jones Newswires

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