The oil has been discovered in the licensed area of the East-Prinovozemelskiy-1 field in the Kara Sea.
The drilling has been completed in compliance with all the technological and ecological standards and requirements.
The well has been drilled to a sea depth of 81m in open-water conditions at the 74th circle of longitude, 250km clear off the inland of the Russian Federation.
Substantial amount of new geological data has been collected which will be elaborated.
Currently, the geological data interpretation is being carried out.
Rosneft head Igor Sechin said: "I can inform you about the discovery of the first oil/gas-condensate field in the new Kara sea oil province.
"It is an astonishing sample of light oil, which based on the results of the analysis performed, is comparable to the Siberian Light oil. The resource base estimate of just this oil trap is 338 bcm of gas and more than 100 mln tones of oil. And this is just the estimates of this very structure.
"This is our united victory, it was achieved thanks to our friends and partners from ExxonMobil, Nord Atlantic Drilling, Schlumberger, Halliburton, Weatherford, Baker, Trendsetter, FMC. We would like to name this field Pobeda."
Image: Rosneft completes Universitetskaya-1 well drilling in Kara Sea. Photo: Courtesy of ROSNEFT, 2014.
