Russian oil company Gazprom Neft said it revised a production schedule to dramatically boost output from a field in the Arctic north of the country. Revised by a factor of 1.8, the company said sustained drilling operations in the field meant production should eventually reach 169 million barrels. New capacity adjustments mean annual peak production rates should reach 35 million barrels. The increase is a result of a reinterpretation of the seismic data used to get a better understanding of the field’s resource potential . “The experience we have gained in working on Prirazlomnoye field has significantly improved efficiency in developing the field, and we are continuing to develop the first oil-production project on the Russian Arctic […]