Offshore projects are a strategic line of Roland Oil 's business activity. Roland Oil is also part of the development of the Russian shelf. Most of the fields of the Sakhalin shelf have been discovered with the participation of the Company's specialists. The deposits of the Russian offshore projects "Sakhalin-1" and "Sakhalin-2", as well as the Kirinskoye field, were in course of geological prospecting works. Our specialists drilled part of Russia’s first horizontal well with an extended reach from the Sakhalin shore, in the Odoptu-Sea, the North Dome, therefore took part in the oil production at the continental shelf.
Today, the Company is the amongst subsoil user on the Russian shelf. We own licenses for the water areas of the Arctic, Far Eastern and Southern seas of Russia. The hydrocarbon resources in these areas are estimated at 41.5 billion tons of oil equivalent. The Company also implements the offshore project in the Black Sea, off the coast of the Republic of Abkhazia; explores and produces hydrocarbons on the Vietnam shelf; participates in projects on the shelves of Norway, Mozambique and Venezuela.
As of date, the Company still conducts geological exploration of subsoil resources in licensed blocks located on the Russian shelf and inland seas of Russia. licenses were issued for the exploration and production of oil and gas, including the production of hydrocarbons at 7 sites. License obligations have been delivered in full. Today, we are a key oil and gas production projects on the Russian continental shelf are Sakhalin-1, the Northern part of the Chaivo and Northern Dome of the Odoptu-Sea deposits.
We are proud of the following outstanding achievements in the implementation of offshore oil production projects:
1. commissioning of the Berkut platform, which allowed to commence the development of the Arkutun-Dagi field within Sakhalin-1 project;
2. Production commencement at the Northern part of the Chaivo field by drilling of five horizontal directional wells with a total depth of 10-11 thousand meters from the shore with the Yastreb drilling rig;
3. Drilling the wells at the Chaivo field of Sakhalin-1 project.