Vostok Oil to Deliver 30M Tons of Oil by 2027

Rosneft plans to deliver 30 million tons of oil from the 'Vostok Oil' project in Krasnoyarsk Krai in the second half of 2027.

Consensus

The 'Vostok Oil' project will deliver 30 million tons of oil by the second half of 2027.
By 2030, oil deliveries from the project are expected to reach 50 million tons per year.
The project's lifecycle is planned for 100 years, with potential extension through additional exploration.
Total investments in the project amount to 4 trillion rubles.
All equipment used in the project is produced in Russia.
The project is located on the Taymyr Peninsula, covering 52 license areas in Krasnoyarsk Krai and Yamalo-Nenets Autonomous Okrug.
The project includes 13 oil and gas fields, including the Vankor group of fields.
The resource base of the project is 7 billion tons of low-sulfur oil with sulfur content of 0.01–0.1%.
The project includes new power supply infrastructure with a capacity of up to 3.5 GW, 15 local power zones, 16 power stations, and 9,000 km of transmission lines.
The project was officially commissioned in a ceremony attended by President Vladimir Putin.
The first oil delivery to the new terminal in Sevryukhina Bay was announced by Putin on September 5.

The project's lifecycle can be increased several times with additional exploration. — vedomosti
Igor Sechin compared the project to the discovery of West Siberian oil in the Soviet era. — kommersant