Posted by: russiaoilandgas | August 23, 2007

Russian Min Lists 97 Resources Fields for Prelim Exploration

Oil Gas Russia Siberia Exploration HydrocarbonsRussia’s Ministry of Natural Resources Monday said it had earmarked 97 mineral resources fields in western and eastern Siberia to be offered for preliminary exploration.

The list includes 38 hydrocarbon fields, with estimated reserves of around 100 million metric tons of oil and 500 billion cubic meters of gas.

There are also 55 fields with diamond and gold reserves of 40 million carats and more than 400 tons respectively.

Companies interested must apply to the Federal Subsoil Agency, Rosnedra, the ministry said.

Under current legislation, if a company is successful in preliminary exploration at a particular field, it can automatically obtain a license for further exploration, the news agency RIA-Novosti reported.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: