Source Pravda.Ru

New Oil Deposit Discovered In Barents Sea

First experimental oil influx has been extracted from the well bored in the Barents Sea shelf near Pechorskaya Guba. Officials in the Murmansk Region administration said it was the first oil-bearing well in this portion of the sea. The well was bored from July to September by a floating rig. The well's depth is 4,300 meters, it is located 30 km away from the coast. The work was carried out with federal budget funding and under a license issued following the tender that the Russian Ministry of Natural Resources had held in early 2001. The new deposit will be evaluated after the well's test, however experts' forecasts are "optimistic," according to the Murmansk Region administration.

Comments
USA punishes China for purchasing arms from Russia
This is a liberation fight from the Soviet EU
How Russia can respond to Israel following Ilyushin Il20 shootdown
South Korean President finds DPRK people eating sturgeon at fancy restaurants
On the collapse of civility in Western nations: living in the era of 'not nice'
On the collapse of civility in Western nations: living in the era of 'not nice'
How many aircraft and pilots Russia has lost in Syria so far
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
On the collapse of civility in Western nations: living in the era of 'not nice'
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
Russia blames Israel for Syria's move to shoot down Il-20 military aircraft above Mediterranean
Russia blames Israel for Syria's move to shoot down Il-20 military aircraft above Mediterranean