The Prirazlomnaya offshore ice-resistant oil-producing platform Russia claims to have found a massive oil reserve in the Arctic, in a discovery that could further strengthen Moscow’s hand as energy prices continue to skyrocket.
Energy giant Rosneft said the oil field beneath Pechora Sea contains an estimated 82 million tons of oil. It was found during exploratory drilling in the Medynsko-Varandeysky area, according to global financial news site MENAFN.com .
“During the tests, a free flow of oil was obtained with a maximum flow rate of 220 cubic meters a day,” Rosneft said in a news release, describing the oil as “light, […]
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