Polar Lights
LLC Polar Lights Company, a parity joint venture between Rosneft and the American ConocoPhillips, produces crude oil at the northern fields of the Timan-Pechora oil and gas province. The company is operated by ConocoPhillips. A 50% stake in Polar Lights was acquired by Rosneft in 2003.
Polar Lights develops five fields of the Ardalinskaya group: Ardalinskoye, East-Kolvinskoye, Oshkotynskoye, West-Oshkotynskoye, and Central-Khoreiverskoye. The latter was discovered by the joint venture and its development began in 2008. Polar Lights’ crude oil is transported westward via Transneft’s Usinsk — Yaroslavl pipeline for further shipment to Western European markets.
Output by Polar Lights in 2010 was 5.1 mln barrels of oil.
Polar Lights reserves (100%, PRMS, DeGolyer & MacNaughton, as of December 31, 2010)
| Proved hydrocarbon reserves, mln boe |
19 |
| Proved oil and gas condensate reserves, mln bbl |
19 |
| Proved gas reserves, bcm |
0 |
| Probable hydrocarbon reserves, mln boe |
8 |
| Probable oil and gas condensate reserves, mln bbl |
8 |
| Probable gas reserves, bcm |
0 |
| Possible hydrocarbon reserves, mln boe |
21 |
| Possible oil and gas condensate reserves, mln bbl |
21 |
| Possible gas reserves, bcm |
0 |
Polar Lights hydrocarbon production (100%)
| |
2008 |
2009 |
2010 |
| |
| Crude oil, th. tonnes |
1,063 |
912 |
1,398 |
| Crude oil, mln barrels |
7.8 |
6.7 |
5.1 |
| Gas, mcm |
34 |
34 |
32 |
Rosneft’s share in Polar Lights hydrocarbon production
| |
2008 |
2009 |
2010 |
| |
| Crude oil, th. tonnes |
531 |
456 |
699 |
| Crude oil, mln barrels |
3.9 |
3.3 |
2.6 |
| Gas, mcm |
17 |
17 |
16 |
Polar Lights operating highlights
| |
2008 |
2009 |
2010 |
| |
| Exploration drilling, th. m |
3.4 |
0 |
3.5 |
| 2D seismic, linear km |
0 |
0 |
0 |
| 3D seismic, sq. km |
0 |
0 |
0 |
| Production drilling, th. m |
0.0 |
3.4 |
3.5 |
| Producing oil wells, wells |
24 |
27 |
28 |
| New production wells, wells |
2 |
1 |
1 |
Contact Information
Full name: LLC Polar Lights Company
General Director: Baudin Khamidov
Address: 2/26 Pomorskaya st., Arkhangelsk 163061, Russia
Tel: +7 (8182) 65-78-80
Fax: +7 (8182) 65-78-81
E-mail: info@plc-oil.ru
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