The Independent Barents Observer reports that a Chinese rig drilling in the Arctic waters of the Kara Sea has been credited with finding one of Russia’s largest reserves of liquefied natural gas (LNG).
The Nanhai VII, a semisubmersible Chinese rig reportedly drilled in the area during the summer of 2017. The 15,469 deadweight ton rig is owned by China Oilfield Services Limited (COSL). Drilling was made down to a depth of 160 meters.
“The drilling revealed that the Leningradskoye field off the Yamal Peninsula holds as much as 1,9 trillion cubic meters of gas. That is 850 million cubic meters more than previous estimates,” Minister of Natural Resources Sergey Donskoy reportedly wrote in a Facebook post.
The area is covered by the so-called Leningradskoye license, which is owned by Russian energy giant Gazprom. It covers an area located west of the Yamal Peninsula in the Kara Sea. The drilling was carried out after two years of seismic mapping in the area.
COSL has signed various oil exploration deals with Gazprom. The oilfield services company is a majority-owned subsidiary of China’s state-owned company oil company CNOOC.