Vankor cluster

The Vankor oil & gas field is the biggest field to have been discovered and brought into production in Russia in the last 25 years.

The project site is in the northern part of the Krasnoyarsk Territory, which has little infrastructure and severe environmental conditions, including permafrost, swamps, and winter temperatures falling below 50 degrees.

Vankorneft, a subsidiary of Rosneft, is developing the Vankor oil and gas condensate field. Rosneft to hold the 50.1% shares of Vankorneft.

Production was launched in August, 2009. Its estimated reserves are 520 million metric tons of oil and 95 billion cubic meters of natural gas.

Vankor produces about 442,000 barrels of oil per day (4 % of Russian crude oil production).

The Vankor project employs more than 450 contractors and sub-contractors and 12,000 construction workers and 2,000 vehicles were employed at the peak of construction work.

In 2013, Vankorneft was chosen as an operator on development of new fields of Vankor cluster -- Suzunskoye, Tagulskoye and Lodochnoye fields, located close to the Vankor field.

In 2016, Indian ONGC Videsh Ltd (OVL) bought a 15 % stake in Vankor for $1.268 billion followed by another 11 % for $930 million.

In the same year, the consortium of OIL-IOC-BPRL acquired a 23.9 % stake in the field for $2.02 billion, giving them 6.56 million tonnes of oil. Rosneft holds the remaining 50.1 % shares of Vankorneft.