Rosneft strikes again in the Arctic
The Russian oil firm has added more reserves to its ambitious Vostok Oil project
Rosneft chalked up another oil discovery in the Russian Arctic in late July, adding volumes to a megaproject it hopes could produce up to 2.3mn bl/d of oil within a decade. It found over 20mn t (147mn bl) of crude after drilling at the border between Russia’s Yamalo-Nenets and Krasnoyarsk regions. The field, named Novoogennoye, also holds some 1bn m³ of gas. The state-controlled producer is searching the northernmost reaches of Russia’s prolific Western Siberian basin to further build the resource base underpinning the Vostok Oil project. It already comprises fields with some 5bn t (37bn bl) of crude, according to Rosneft, although it is unclear how much of this volume is recoverable. Big pl
Also in this section
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
12 December 2025
The latest edition of our annual Outlook publication, titled 'The shape of energy to come: Creating unique pathways and managing shifting alliances', is available now
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
