Blocks for geological study on offer in December 2010 in Russia
On 1 December 2010, the Ministry of Natural Resources of the Russian Federation published a list of blocks offered for geological study at the expense of licensees for 2011. The list contains 37 underexplored blocks.
|Blocks for geological study at the expense of licensees 2011|
|Region||Blocks||Oil reserves (mmt)||Gas reserves (bcm)|
|Khanty-Mansiysk Autonomous Area||13||32.47||154.89||4.783||8.08||0||0|
|Republic of Kalmykia||1||28.8||0||0||0||0||0|
The majority of areas on offer are located in the West Siberia region, where oil is forecast at approximately 32.5 million tonnes for prospective C3 reserves. The most promising area is located in the Republic of Kalmykia where C3 oil reserves are forecast at almost 29 million tonnes. The list also contains blocks offered in the East Siberia, Far East and Volga-Ural.
Blocks for geological study in West Siberia (blue outline). Source PetroView®
Blocks for geological study in East Siberia (blue outline). Source PetroView®
Budarinskiy block in Republic of Kalmykia (blue shading). Source PetroView®
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 at delineating 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.
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