Gazprom Neft, TNK-BP Messoyakha Deposit May Cost $20 Billion

The project plans 2 million metric tons, or 40,000 barrels a day, to 5 million tons a year output in 2015 to 2017, according to an FSU Energy interview with Marat Atnashev, head of major projects at Gazprom Neft, posted on the company website. Maximum production will reach 20 million tons of oil a year and 10 billion cubic meters of gas, Atnashev said.
A final investment decision will likely be $10 billion to $15 billion, he said. Overall investment may reach $20 billion, Atnashev said. The venture plans investments of $130 million this year, increasing to as much as $300 million next year and $1 billion in 2013.
A new tax structure by 2013-2014 that will better support the development of new projects, Atnashev said. Full scale development will require a new tax environment, he said.