EnergyWatch

Rosneft finds first oil in the Arctic

Russia's oil company has found the first oil in the eastern part of the offshore area. Now, the company is working on estimating the extent of the new oil field.

Photo: JONATHAN HAYWARD

Russian oil giant Rosneft has found oil in the Laptev Sea in the eastern part of the Arctic, announced the company.

It is the first successful drilling carried out by the state-owned Russian oil company and is considered groundbreaking. The company will continue to drill and analyze the underground in order to determine the size of the oil field.

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