Gazprom & Rosneft Receive New Sites in the Arctic

 

The government supplemented the list of the subsoil sites of federal importance that are available for use without auctions.

The Prime Minister of Russia, Dmitry Medvedev, signed the respective decree.The list includes the Pritaymyrsky subsurface site in the Laptev Sea, as well as the Kheysovsky site in the Barents Sea.

The area of the Pritaymyrsky plot is 20,619,000 sq. km. The extractable reserves are estimated to be 104.6 million tonnes. Gas reserves total 362.8 billion cubic meters.

The Kheysovsky site covers an area of 83,590,000 sq. km. Its recoverable oil reserves are estimated at 118.1 million tonnes. Gas reserves are 2.081 trillion cubic meters.

The right to use the latter was received by Russian monopolist Gazprom. The owner of the Pritaymyrsky site is Rosneft.