Rosneft claims it has made a major discovery in Khatanga Bay of the Laptev Sea. Preliminary estimates suggest that resources could amount up to 9.5 billion tons of oil equivalents.
According to the Russian news outlet Sputnik, Russian Minister of Natural Resources and Environment Sergei Donskoi said the fields discovered could be the biggest ones on the shelf.
Rosneft received the license to drill in Khatanga Bay in November 2015, and started drilling in April 2017, according to a company press release. The Tsentralno-Ologinskaya-1 well where the discovery was made is the first well to be drilled under the offshore area of the Laptev Sea, which lies north of the Krasnoyarsk Region. The area covers more than 17,000 km2 with a sea depth of 32 meters. The discovery was made at around 2,300 meters depth.
Rosneft currently holds 28 license areas on the [Russian] Arctic shelf. The Arctic may account for more than 20 percent of the total oil production in Russia by 2020, according to Russian expert estimates.