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Blocks offered in Nenetsk Autonomous Area and Sakhalin Area

The Subsoil Management Department of the North-Western Federal District (sevzapnedra.nw.ru) invited applications for the Korovinskiy block. Under this process the Korovinskiy block is offered for 25 years of exploration and production. The main criteria the authorities use to define the winning applications include; the scientific and technical subsoil programme, the contribution to the social and economic development of the region, project implementation time-frame and taking into account Russia national security interests. The deadline to submit applications and deposits is 27 April 2009. The application fee is set at RUB325,491 (USD9,490) and the deposit isRUB152,000,000 (USD4,456,916) (100% of opening bid). The results of the competitive process will be announced on 30 June 2009.

The Russian Subsoil Management Agency (www.rosnedra.com) has also announced an auction, in which the Vostochno-Goromayskiy (Goromayskiy East) block is offered for 25 years of exploration and production. The deadline to submit applications and deposits is 15 May 2009. The application fee is set at RUB62,000 (USD1,818) and the deposit is RUB15,100,000 (USD442,760) (100% of opening bid). The auction will be held on 17 June 2009.

The Korovinskiy block lies within the Timan-Pechora Basin. The total acreage offered is 129 square kilometres. The block is located 90 kilometres to the north-east of Naryan-Mar. The nearest trunk gas pipeline is 530 kilometres away. The Korovinskoye gas-condensate field is situated within the block and has proved gas C1 total reserves 40.845 bcm and gas C2 total reserves 0.266 bcm and proved condensate C1 total reserves 0.996 million tons and condensate C2 total reserves 0.006 million tons, as of 2008. 26 wells, with a total length of 63,780 metres, were drilled within the Korovinskoye field.

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Map: The Korovinskiy block in Nenetsk Autonomous Area (red shading). Source: PetroView®

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The Vostochno-Goromayskiy (Goromayskiy East) block lies within the east part on North Sakhalin. The total acreage offered is 49 square kilometres. The nearest oil pipeline is 40 kilometres away and the nearest gas pipeline is three kilometres from the block. The Vostochno-Goromayskaya (Goromayskaya East) and Vostochno-Boatasinskaya (Boatasinskaya East) prospects are located within the block. Probable C3 gas reserves are forecast at 7.62 bcm, as of 2008. Probable D1 localized gas reserves are forecast at 8.8 bcm and probable D1 localized condensate reserves are forecast at 1 million tons, as of 2002. Two exploration wells were drilled and 120 kilometres of 2D seismic were shot within the block area.


Map: The Vostochno-Goromayskiy (Goromayskiy East) block in Sakhalin Region (red shading). Source: PetroView®

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