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Vostok Oil signed 2 important contracts for the construction & expansion of the North Bay Port Oil Terminal

The Oil Terminal will enable exporting oil produced at fields of the Vostok Oil Project by the Northern Sea Route both westwards and eastwards

Vostok Oil  signed 2 important contracts for the construction & expansion of the North Bay Port Oil Terminal

Moscow, June 3 - Neftegaz.RU. Vostok Oil (Rosneft´s subsidiary) and LENMORNIIPROEKT have concluded a survey and design contract for expansion of the North Bay Port Oil Terminal (Stages 2 and 3) to enable shipment of up to 100 million tons of Vostok Oil's commercial crude oil by 2030.

In 2020, Rosneft commenced full-field development of its Taimyr assets.
Execution of the Vostok Oil Project will help unlock the unique resource potential of the region.
A competitive advantage of the Project lies in its close vicinity to a unique transportation corridor – the Northern Sea Route.

Navigating this route opens the potential for supply of raw materials produced at Vostok Oil fields in 2 directions at once: to European and Asian markets.
The design envisages 3 work stages:
  • Stage 1 scope includes construction of a jetty for support vessels (harbor vessels) and jetties for offloading construction cargos. Shoreline stabilization and a number of auxiliary structures are also to be built
  • Stage 2 envisages construction of service jetties and Terminal facilities
  • During Stage 3 harbor waters facilities, navigation equipment, navigation safety facilities will be installed
LENMORNIIPROEKT is among 3 Russian largest companies designing seaports, terminals and transportation systems.
The company is the General Designer of construction projects within the North Bay Port Terminal.

Vostok Oil also signed an agreement with United Energy Construction Corporation for the installation of hydraulic structures at the North Bay Port Oil Terminal.
The agreement envisages preparation of working documentation packages along with:
  • construction of 2 general cargo terminals
  • 2 oil-loading terminals
  • a harbor fleet terminal
  • an artificial land plot
The waterfront length on the North Bay Port Terminal will total 1,275 m.
It is planned to ensure the readiness of facilities for transshipment through the sea terminal up to 30 mln tons of oil per year in 2024, up to 50 mln tons in 2027 and up to 100 mln tons in 2030

To read the news in Russian

Author: Elena Alifirova

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