MOSCOW, Sept 20 Russia's northernmost onshore
oilfield will start production on Wednesday, the Kremlin said on
Tuesday, just days before a major oil producers' meeting.
President Vladimir Putin will watch the launch of the
Vostochno-Messoyakha field, jointly developed by Rosneft
and Gazprom Neft, via a video link.
Gazprom Neft's web site put the reserves of the field and
the adjacent Zapadno-Messoyakha at over 470 million tonnes of
oil and 180 billion cubic metres of gas, enabling Russia, the
world's top oil producer, to increase its production further.
Several OPEC producers have called for an output freeze to
contain an oil glut that has triggered a price collapse in the
last two years, hitting the revenues of major producers.
Russia's oil output is seen rising 2.2 percent this year,
above expectations, to reach almost a 30-year high of 546-547
million tonnes as companies ramp up drilling.
Russia has constantly exceeded forecasts for oil production
which has been on a steady rise since 2009 when a slump in oil
prices dragged down output.
Since then, Russian companies have increased drilling by
around 10 percent per year.
Russia will attend an informal meeting in Algiers next week
with other major oil producers.
(Reporting by Vladimir Soldatkin; Editing by Dmitry