The Russian oil group Rosneft has launched the Rospan International gas project in the Yamal region of the Russian Arctic. The project, led by Rosneft's subsidiary Rospan International, is expected to produce more than 20 bcm/year of gas, along with 5 Mt/year of gas condensate and more than 1 Mt/year of butane and propane from the Vostochno-Urengoysky and Novo-Urengoysky license areas. The necessary pipeline infrastructure is already operating and the production potential has been confirmed.
Rosneft is increasingly active in the Russian Arctic. Its Vostok Oil project is expected to deliver 30 Mt/year of oil by 2024, and later up to 100 Mt/year. In December 2020, Rosneft discovered a new Arctic gas field in the Kara Sea with reserves estimated at 800 bcm. The field was discovered through prospecting and appraisal drilling at the Vikulovskaya structure (Vostochno-Prinovozemelsky-1 license area). The project was launched in 2014 and drilling of the first well led to the discovery of the Pobeda oil and gas field, with total recoverable reserves of about 130 Mt of oil and 422 bcm of gas.