The Prirazlomnoye oil field is located in the Pechora Sea, 60km from the coast. Recoverable oil reserves exceed 70 million tonnes. The Prirazlomnoye field is the first, and as yet, only, oil producing field on the Russian arctic shelf. It is also the only project producing oil from a stationary platform in the Arctic.

ARCO oil is distinguished by its high density (roughly 24 API) and sulphur content of circa 2.3%, as well as low paraffin content. Relatively heavy compared to typical Russian export oil, ARCO is well suited for deep oil processing at refineries in north-western Europe. Unique chemicals used in road construction, tyre production, and in the aerospace and pharmaceutical industries can be produced from this oil.

Pilot production began at the oil field in December 2013. The new ARCO oil was first delivered to the global market in April 2014. The field produced about 300 thousand tonnes of oil in 2014 alone.  The field currently operates one exploration well. Plans are in place to begin operating an injection and a disposal well, and four additional exploration wells are to be drilled.

A unique ice-resistant platform was designed and built in Russia for the development of the field. It is designed to operate in extreme climatic conditions and is able to withstand maximum ice loads. The platform stands on the sea bed and its safety margin significantly surpasses actual loads.

The platform’s foundation walls are three metres thick. Wells are drilled within the platform, and are isolated from the open sea. The Prirazlomnaya platform operates on a principle of "zero discharge", meaning that no drilling or production waste comes into contact with the sea. Waste is pumped into special absorption wells or collected in tanks and delivered to the shore for disposal on land.

ARCO oil is sold in foreign markets under the Gazprom Neft Trading GmbH brand, a subsidiary of Gazprom Neft.

• Prirazlomnaya photo gallery