The State Reserves Commission recognized the discovery of an Arctic gas field in the Kara Sea by the Rosneft Oil Company and recommended to the Russian Federal Geological Foundation that 800 billion cubic meters of gas deposits be put on the State Register.

After exploratory drilling on the Vikulovskaya structure in the East-Prinovozemelsky-1 licensing sector, the field was discovered.

The wildcat was 1,621 meters in depth. In 2020, Rosneft arranged exploratory exploration for two licensing areas in the Kara Sea. The drilling was part of a comprehensive program by Rosneft Oil Company to grow the oil and gas potential of the region.

The project was started in 2014 by the President of Russia, Vladimir Putin.

The discovery of one of the world's largest oil and gas fields, the Pobeda field, resulted in the first wild cat, Universitetskaya-1. Its gross reserves for recovery amount to approximately 130 million tonnes of oil and 422 billion cubic metres of gas.

Overall, in the three East-Prinovozemelsky areas of the Kara Sea, more than 30 prospective structures were found. The results of Rosneft's exploration in the Kara Sea revealed the high potential of these systems for oil and gas.

It could overtake such oil and gas-bearing provinces as the Gulf of Mexico, the Brazilian shelf, the Arctic shelf of Alaska and Canada, and the Middle East's main provinces in terms of energy.

A analysis of the physical and chemical properties and composition of crude oil obtained from the Universitetskaya-1 well was performed by specialists from the TomskNIPIneft Corporate Institute.

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