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Blocks offered for geological study at the expense of licensees

The Ministry of Natural Resources of the Russian Federation (www.mnr.gov.ru) offered 158 blocks for geological study at the expense of licensees in 2009.

Blocks for Geological Study at the Expense of Licensees by regions
Region Blocks Oil Reserves, MMT Gas Reserves, BCM Condensate Reserves, MMT
    D1 D1loc D2 D1 D1loc D2 D1 D1loc D2
Khanty-Mansiysk Autonomous Area 58 23.38 309.4 0 79.35 26 0 18.8 0 0 0
Komi Republic 32 0 20.99 1.071 0 36.4 0.925 0 0 0.12 0
Yamalo-Nenets Autonomous Area 21 0 184.4 13.2 61.7 277.6 0 89.83 18.68 0 3.87
Nenets Autonomous Area 17 8.363 48.41 5.811 67.36 21.6 0.466 88.8 0 0 0
Perm Territory 6 0 1.22 5.881 0 2.6 11.6 0 0 0 0
Tyumen Region 5 0 35.7 0 0 0 0 0 0 0 0
Kamchatka Territory 4 0 0 0 10.5 5.7 0 231.3 0 0 0
Orenburg Region 3 0 5.8 5.28 0 14.2 3 0 0 0 0
Republic of Kalmykia 2 2.676 20.8 0 0 39.13 0 0 0 0 0
Chechen Republic 2 2.988 0 0 0 0 0 0 0 0 0
Kaliningrad Region 2 0.155 0 0.15 0 0 0 0 0 0 0
Sakhalin Region 2 0 0.4 0 2.7 0.4 0 1.4 0 0 0
Krasnoyarsk Territory 1 0 1.6 0 2.8 1.6 0 15 0 0 0
Stavropol Territory 1 0 1.98 0 0 0 0 0 0 0 0
Republic of Bashkortostan 1 0 1 0 0 0 0 0 0 0 0
Volgograd Region 1 0 1 0 0 2 0 0 0 0 0
Total 158 37.56 632.7 31.39 224.4 427.3 15.99 445.1 18.68 0.12 3.87

A Geological Study Licence grants the holder the non-exclusive right to undertake prospecting activities and appraisal operations in respect of a discovery. Activities undertaken must be aimed at determining whether discoveries are capable of being commercially developed, and determining the preliminary boundaries of the discovery. In the event of a discovery, the licence holder may be granted an exploration and production licence in respect of the area of the discovery without the need for a tender or auction, at the government's discretion.

Only 17 blocks out of 158 have been licensed since the beginning of 2009.

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Blocks awarded for Geological Study at the Expense of Licensees
Region Block Licensee Company ownership Award Date Expiry Date
Komi Republic Verkhnelyagskiy Geologika LLC Shareholding 03.09.2009 15.08.2014
Pravoberezhnyy Geologika LLC Shareholding 03.09.2009 15.08.2015
Srednepechorskiy Geologika LLC Shareholding 03.09.2009 15.08.2016
Belyy TekhOil LLC Natural Persons 04.08.2009 05.08.2017
Severo-Kozhimskiy Timano-Pechorskaya Gas Company LLC Synttech Management Company 27.08.2009 05.08.2018
Kamchatka Territory Palanskaya Palana-Geologorazvedka CJSC PetroKamchatka Resources Ltd 21.09.2009 01.09.2014
Pustoretskaya Kingi-Geologorazvedka CJSC PetroKamchatka Resources Ltd 21.09.2010 01.09.2015
Vorovskaya Kekhta-Geologorazvedka CJSC PetroKamchatka Resources Ltd 21.09.2011 01.09.2016
Ichinskaya Tvayan-Geologorazvedka CJSC PetroKamchatka Resources Ltd 21.09.2012 01.09.2017
Tyumen Region Nizhnetavdinskiy TyumenOilCompany LLC Shareholding 17.08.2009 17.08.2014
Vostochno- Nizhnetavdinskiy TyumenOilCompany LLC Shareholding 17.08.2010 17.08.2014
Andrusovskiy Investgeotekhnologii LLC Natural Persons 14.09.2009 10.09.2014
Yamalo-Nenets Autonomous Area Severo-Termokarstovyy Terneftegaz LLC NOVATEK OJSC 10.09.2009 01.09.2014
Yuzho-Chernichnyy Mangazeya Oil Company OJSC Shareholding 14.09.2009 10.09.2014
Republic of Bashkortostan Ayskiy Ingeokholding CJSC Natural Persons 11.09.2009 31.12.2014
Sakhalin Region Viakhtinskaya Liman LLC Magma LLC 19.08.2009 30.06.2014
Khanty-Mansiysk Autonomous Area Ingolskiy 3 Investgeotekhnologii LLC Natural Persons 14.09.2009 10.09.2014

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Blocks awarded for Geological Study at the Expense of Licensees
Region Block Oil Reserves, MMT Gas Reserves, BCM Condensate Reserves, MMT
    C3 D1 D2 D1 D2 D1 D2
Komi Republic Verkhnelyagskiy 0 0 0 3.15 0 0 0
Pravoberezhnyy 0 0 0 3.06 0 0 0
Srednepechorskiy 0 1.067 0 3.26 0 0 0
Belyy 0 1.044 0 3.184 0 0 0
Severo-Kozhimskiy 0 0.88 0 0.7 0 0 0
Kamchatka Territory Palanskaya 0 0 7.5 0 107 0 0
Pustoretskaya 0 0 1.2 0 48 0 0
Vorovskaya 0 0 0.7 0 34 0 0
Ichinskaya 0 0 1.1 5.7 42.3 0 0
Tyumen Region Nizhnetavdinskiy 0 0.3 0 0 0 0 0
Vostochno- Nizhnetavdinskiy 0 2 0 0 0 0 0
Andrusovskiy 0 29 0 0 0 0 0
Yamalo-Nenets Autonomous Area Severo-Termokarstovyy 0 8.6 3 5.3 5.2 0.8 0.15
Yuzho-Chernichnyy 0 4.8 1.6 2.9 2.9 0.44 0.08
Republic of Bashkortostan Ayskiy 0 1 0 0 0 0 0
Sakhalin Region Viakhtinskaya 0 0.4 0 0.4 0 0 0
Khanty-Mansiysk Autonomous Area Ingolskiy 3 3.17 10.4 0.1 0 0 0 0

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Some companies are expanding their activities in well-known oil and gas bearing regions with developed infrastructure. For instance, Terneftegaz LLC and Mangazeya Oil Company OJSC acquired blocks for geological study in the Yamalo-Nenets Autonomous Area. Terneftegaz LLC took Severo-Termokarstovyy, which lies to the north of its current block, Termokarstovoye Field. Mangazeya Oil Company OJSC acquired the Yuzho-Chernichnyy block which is to the south of its current block, Chernichnoye Field.


Blocks awarded for geological study at the expense of licensees in Yamalo-Nenets Autonomous Area (red shading). Source: PetroView®

However, there are companies that acquired areas for geological study in new oil and gas bearing regions with almost no infractructure. For instance, PetroKamchatka Resources Ltd acquired four unexplored areas through its subsidiaries in the Kamchatka Region. Exploration in adjacent areas discovered some prospects and fields, but though these areas look promising, infrastructure remains an issue and requires development.

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Blocks awarded for geological study at the expense of licensees in Kamchatka Region (red shading). Source: PetroView®

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Licensing activity for the first three quarters of 2009

161 blocks were offered for auction in 2009, which is three times more than in 2008.

Although a large number were entered into the auction process only 20 blocks have been awarded since the beginning of 2009, which is nearly four times less than in 2008.

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The number of cancelled auctions increased in 2009.

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In general, this year's trends prove that the government is looking for investments in exploration and production. However, the numbers of awarded licences and cancelled auctions show that there is quite a weak interest in new exploration and production projects among companies.

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Where next?

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