RUSSIAN JOINT VENTURE EXPORTS FIRST OIL

Just 2 months after approval, the Russian-Canadian-British joint venture KomiArcticOil has exported its first oil. Initial production of about 5,000 b/d is from Upper Vozey field north of the Arctic Circle, where the venture began putting on line 43 wells that were in various stages of drilling or completion (OGJ, Dec. 23, 1991, p. 19). Production is expected to climb to 20,000 b/d the next 2-3 years during the first phase of the seven phase project.

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