Page 14 - FSUOGM Week 31 2021

FSUOGM NEWS IN BRIEF FSUOGM

the OPEC+ deal, now it is the end of 2022 announced later, she noted. to work together in oil exploration and
then we are ready to return to discussing The spill caused by pipeline production.
this issue," he said. Sazanov added that the depressurization was detected on May 11 in
Finance Ministry is ready to discuss the Komi and the Nenets Autonomous District.
parameters of the additional income tax It occurred about 300m away from the
(AIT) regime for viscous oil, and "we will river’s shoreline. The contaminated soil area EASTERN EUROPE
start doing this with oil companies in the was about 1.3 hectares.
fall." Sazanov called it unlikely that it would Germany’s CDU party leader
be possible to allocate a separate category
for this type of oil in the AIT. "Hardly. We Lukoil announces second threatens Russia with
believe that a new category is not needed
here. These are the same traditional fields, oil finding at block 10 in sanctions if Nord Stream 2
the only question here is that capital costs
are higher here than in traditional fields. Mexico harms Ukraine
And, perhaps, there is a limit on costs
that exist for deposits extra-viscous oil Russian oil major Lukoil announced a new The White House announced that it had
can be increased. Here we are ready for oil finding in the Sayulita prospecting area invited Ukrainian President Volodymyr
discussion," he said. of Block 10 offshore Mexico following the Zelenskiy to visit on August 30. Zelenskiy
According to him, it is not worth drilling of an exploratory well. According to will meet US President Joe Biden, and
counting on the fact that new parameters preliminary estimates, the initial geological the trip is meant to “affirm the United
for viscous oil will start working in 2022. resources of the new accumulation States’ unwavering support” for Ukraine,
"From 2022 - definitely not, but from may contain up to 200mn barrels of oil whitehouse.gov published on July 21.
2023 - we need to look into it. It depends equivalent in place. The party leader of the Christian
on whether the OPEC+ deal ends or not," "The Sayulita-1 EXP well is the second Democratic Union of Germany, Armin
Sazanov said. The OPEC+ agreement, consecutive successful well drilled by the Laschet, threatened Russia with sanctions
according to which Russian companies company in partnership with the operator if it tries to use the Nord Stream 2 pipeline
reduce oil production, is valid until the Eni as part of its Block 10 commitments," against Ukraine.
end of 2022. Oil workers have lost their the company said. "If Russia once again commits acts of
privileges in the development of reserves According to the press release, it is aggression aimed against Ukraine, Germany
of high-and extra-viscous oil since the located approximately 70 km off the coast will take measures at the national level,
beginning of 2021, after which Lukoil and and just 15 km away from the previous oil and will press for penalties on behalf of the
Tatneft announced that their development discovery of Saasken (2020) that will be entire European Union," Germany’s Welt
had become unprofitable. Later, the Finance appraised toward year-end. newspaper quoted the official as saying in
Ministry decided that incentives for such The drilling area’s water depth is 325 an interview with Poland’s Rzeczpospolita.
oil could be earned as part of the personal meters and the final well depth is 1,758 "This is how we are going to prevent
income tax, but only starting in 2024. meters subsea level. Russia from using the pipeline as a
However, the oil companies and the Energy The reserves are estimated at between geopolitical weapon," said Laschet, who
Ministry reported that this is a too distant 150 and 200 million barrels of oil is likely to replace Angela Merkel as the
prospect, and during 2021-2023, companies equivalent. chancellor of Germany.
will incur losses from these projects, which The previous oil finding was made in "Ukraine’s security must be a priority for
will also affect the volume of investments. February this year, when the found reserves Germany’s foreign policy," he continued.
were estimated at up to 300 million barrels. "The German-US agreement [on Nord
Lukoil entered Block 10 in November Stream 2] provides us with an instrument
Oil spills damages in Komi 2018. The Russian company owns 20% in of holding Russia accountable for its
this joint venture, Eni (operator) - 65%,
destructive actions."
are over $5.1mn: watchdog British Capricorn - 15%. the completion of two lines of the gas
The Nord Stream 2 project envisages
The Russian company also participates
Damages to the Kolva River from an oil in several other Mexican projects both pipeline with a total capacity of 55 billion
products spill at a facility operated by a independently and jointly with Eni. In cubic meters per year from the coast of
subsidiary of Lukoil, that occurred in May March 2018, Lukoil, as part of a consortium Russia across the Baltic Sea to Germany.
2021, are over RUB374 mn ($5.1mn), head with Eni, won the right to conclude a Work on the project was suspended
of the Federal Service for Supervision of contract on Block 28. Lukoil's share in the in December 2019 after Swiss Allseas
Natural Resources Svetlana Radionova told consortium will be 25%, Eni (operator) will abandoned pipe-laying operations due
TASS on July 30. hold 75%. The block is located on the shelf to the then-looming US sanctions. In
"The Federal Service for Supervision of the Gulf of Mexico at a depth of 20 to 500 December 2020, the construction of the
of Natural Resources approved the m. gas pipeline was resumed after a year's
calculation of damages inflicted by Lukoil- In 2015, Lukoil in Mexico entered the pause.
Severneftegaz to the water object - the Kolva development project of the Amatitlan On July 28, a representative with Nord
River (the Nenets Autonomous District) block. Prior to that, in January 2014, Lukoil Stream 2 AG, the project’s operator, told
in the amount of 374,186,957 rubles," entered into a cooperation agreement with TASS pipeline was 99% complete, and the
Radionova said. the Mexican company Pemex, which laid Fortuna pipe-laying barge was working at
The amount of damages to soil would be the foundations for the two companies the final section.

P14 www. NEWSBASE .com Week 31 03•August•2021