Work begins on Russia’s largest oil terminal

By Mike Hayes01 June 2021

State-owned Rosneft starts construction of huge port terminal to serve €140 billion Vostok oil project

Russia’s state-owned Rosneft is developing the Vostok oil project in northern Siberia. Image courtesy: REUTERS/Maxim Shemetov

Construction work is now underway on one of Russia’s largest oil projects, with total investment estimated to be as high as €140 billion.

The Vostok oil project, being developed by the state-owned oil producer Rosneft, is expected to see the production of up to 60,000 barrels per day (bpd) by 2025, with up to 2 million bpd anticipated by 2030.

The development now underway at Sever Port Bay will incorporate the construction of Russia’s largest Arctic oil terminal, on the Taymyr peninsula on the Kara Sea coast.

Rosneft says the development of highways, two airports, 15 villages and electricity plants, as well as building 6,500 wells, will also be undertaken as part of the project.

From an offshore perspective, some 770km of pipeline will be laid to deliver the oil to the terminal from up to 15 Vostok oil fields in northern Siberia.

Initially, within the Sever Port Bay development, a temporary service harbour is being built, from which construction materials will be unloaded from ships.

According to The Barents Observer, engineers will soon start hydrotechnical works in the nearby waters and construction of port installations on the shore.

Rosneft has ordered the construction of 10 ice-class tankers, which will have specially strengthened hulls, allowing them to break through the thick Arctic ice.

Following phase one of construction, the port’s waterfront will measure 1,276m in length and have capacity to handle up to 30 million tonnes of oil per year. By 2030, the capacity will have been increased to more than 100 million tonnes annually.

With 400,000 workers expected to be employed during the development of the project, the Vostok development represents one of the largest oil project investments in Russian history.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Construction Europe Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
More News from Construction Europe
Free webinar: Access in 2022 - tomorrow
Leading experts will discuss the year ahead for the access and rental sector in this free-to-view webinar 
Africa’s largest 3D-printed housing project
3D-printed housing can address “infrastructure gap”
Europe’s first fully circular energy transition facility underway
Ardersier Port project in Scotland will repurpose disused oil rigs to make floating offshore wind farm foundations
CONNECT WITH THE TEAM
Mike Hayes Editor, Construction Europe Tel: +44 (0)1892 786 231 E-mail: mike.hayes@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA