Rosneft will start oil extraction in the field Pobeda in five-seven years

The company «Rosneft» plans to start oil extraction in the arctic field Pobeda in 5-7 years. According to the information given by the head of Rosneft Igor Sechin, oil production here will start on an average in 5-7 years. But if the market will require for acceleration, the company can accelerate.

As Igor Sechin tells, it needs to pass the way of registration, additional researches of this resource base. The company will do this work during the coming months and will set the field on the balance. These will be commercial reserves; capitalization of the company will grow.
As we should remind, Rosneft successfully finished drilling of the world northernmost arctic well Universitetskaya-1. By the results, oil was found on the licensed area Vostochno-Prinovozemelskiy-1 in the Kara Sea. Drilling was conducted in record time – one month and a half, with absolute observation of all technological and ecological requirements.