Speaking this week at the World Petroleum Congress in Moscow, Salym Petroleum Development executive director Oleg Karpushin said that the project is key to the company’s plans to extend the lifetime of its three oilfields in the Khanty-Mansiysk autonomous region in West Siberia.

Salym Petroleum has already produced close to 400 million barrels from its assets since the development started in 2003.

According