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Five blocks offered for exploration and production in Russia, July 2011

The Ministry of Natural Resources of the Russian Federation offered five new blocks for exploration and production in July 2011.

Blocks offered in Russia
Region Block Oil reserves (mmt) Gas reserves (bcm)
AB C1 C2 C3 D1 C1 C2 D1
South
Krasnodar territory Klyuchevoy 0.243 0 0 0 0 0.154 0 0
Uzuno-Shkelyukskiy 0 0 0 0.515 0.629 0 0 0
Yuzhno-Klyuchevoy 0 0.192 0.021 0 0 0.068 0.004 0
Republic of Adygeya Kosinovskiy 0 0 0 0 0 0.169 0 0.9
Volga-Ural
Orenburg Region Novo-Zhedrinskiy 0 0.513 0 0 2 0 0 0

 

Blocks offered in Russia
Region Block Date of process Deadline for applications and deposits Application fee Deposit
RUB (,000) USD (,000) RUB (,000) USD (,000)
South        
Krasnodar territory Klyuchevoy 12.09.2011 08.08.2011 200 6.932 76,000 2,634.315
Uzuno-Shkelyukskiy 12.09.2011 08.08.2011 200 6.932 12,500 433.276
Yuzhno-Klyuchevoy 12.09.2011 08.08.2011 200 6.932 57,500 1,993.068
Republic of Adygeya Kosinovskiy 23.09.2011 25.08.2011 45 1.560 30,250 1,048.527
Volga-Ural        
Orenburg Region Novo-Zhedrinskiy 19.08.2011 12.08.2011 112 3.882 106,500 3,691.508

 

Blocks offered in Russia
Region Block Area (sqkm) Wells Seismic (km/km2)
South
Krasnodar territory Klyuchevoy 3.81 4 (3**) n/a
Uzuno-Shkelyukskiy 21.97 n/a n/a
Yuzhno-Klyuchevoy 6.23 11 n/a
Republic of Adygeya Kosinovskiy 84.2 3 (6**) 2.12
Volga-Ural
Orenburg Region Novo-Zhedrinskiy 118.7 7 n/a
** - production wells

 

Four of the five blocks on offer are located in the South of the country. The blocks on the Krasnodar Territory are expected to hold potential oil reserves, while the block within the Republic of Adygeya is expected to hold potential gas reserves.

The Uzuno-Shkelyukskiy, Klyuchevoy and Yuzhno-Klyuchevoy blocks are located near the Goryachiy Klyuch, in the Krasnodar Territory, to the south of Klyuchevoye oil field. The Uzuno-Shkelyukskiy block will be offered for geological study with an exploration and production period of 25 years, while the Klyuchevoy and Yuzhno-Klyuchevoy blocks will have an exploration and production period of 20 years.  

The Kosinovskiy block is located 15 km to the North of Maykop, in Republic of Adygeya, and contains the Severo-Kuzhorskoye gas-condensate field. This block will be offered for geological study with an exploration and production period of 25 years.

Blocks offered in the Krasnodar Territory

Blocks offered in the Krasnodar Territory (red shading). Source: PetroView®

 

Block on offer in the Republic of Adygeya

Block on offer in the Republic of Adygeya (red shading). Source: PetroView®

 

The Novo-Zhedrinskiy block is located in the Orenburg region (Volga-Ural) and contains the Novo-Zhedrinskoye and Natalinskoye fields. The AB oil reserves are forecast at 0.243 million tons and the C1 gas reserves are forecast at 0.154 billion cubic metres, as of 2009. An auction for the Novo-Zhedrinskiy block, which is offered for an exploration and production period of 25 years, will start on 19 August 2011. The deadline to submit applications and deposits is 12 August 2011.

 The Novo-Zhedrinskiy block in the Orenburg region

The Novo-Zhedrinskiy block in the Orenburg region (red shading). Source: PetroView®

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