Port North Bay Sea Terminal gets listed in the territorial planning programme of the Russian Federation

The Government of Russia has approved the changes in the territorial planning programme of the Russian Federation in the sphere of federal transport (railway, air, sea, river transport) and federal motor ways. The new edition of the document includes plans of construction of the sea terminal in the Port North Bay.

The new sea terminal to be built 40 km away from Dixon will be used for shipment and transportation of oil produced at the new oil cluster in the Taymyr Peninsula. It is planned to build an oil pouring terminal with the capacity of 25 million tons, expandable to 50 million tons. The Port will be connected to the Payakha field with an oil pipeline approximately 400 km long.

The Payakha Field group exploration project, included into the Yenisey Siberia Comprehensive Investment Project, is one of the largest in the country. The approved recoverable resources of oil constitute over one billion tons. At the present moment, the derrick installation and start-up works have been completed; the specialists are preparing for the drilling of the first well pad. The industrial production will be launched by 2024, with the production capacity of 26 million tons of oil per year with further prospect of increasing it to 50 million tons of oil per year.

The recovered oil will be exported by the North Sea Route to Europe and Asia. It is planned to use the North Sea Route to ship up to 100 million tons of oil recovered in the Arctic cluster including the Tagulskoe, Suzunskoe, Lodochnoe and Payakha fields. The project will make a significant contribution into the development of the Arctic zone of Krasnoyarsk Region, creating new jobs, facilitating the development of infrastructure, ensuring the load for the North Sea Route.

Director General of the Yenisey Siberia Development Corporation Sergei Ladyzhenko believes that the current condition of the port as laid out in the federal documents proves the support for the Payakha fields from the federal government. “Getting the sea terminal involved into the Russian Federation territorial planning programme determines the territory for placement of a federal scale facility. It provides the grounds for a municipal administration to plan the territory layout and for the project investor to start collecting the necessary permits”, remarked Sergei Ladyzhenko.