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Rosneft wins auction for Erginskoye license area

Rosneft obtained the right to develop Erginskoye license area of federal importance.

Rosneft wins auction for Erginskoye license area

Rosneft, based on the results of the auction, obtained the right to develop Erginskoye license area of federal importance, the company reported on July 12, 2017.

Acquisition value amounted to 20.7 billion rubles. Rosneft offered the best price at the auction having the maximal capabilities for the synergy and the most efficient scheme of the area’s development.

Erginskoye area, located in the Khanty-Mansiysk Autonomous District, was the largest license area from unallocated fund of the Russia with the reserves totaling 103 million tons under C1+C2 categories.

Erginskiy license area will become an integral part of one of the most prospective production clusters in the Russian oil and gas industry, the basis of which is RN-Yuganskneftegaz - the largest Rosneft's production entity accounts for 26% of production in Khanty-Mansi Autonomous Area-Yugra and circa 12% of the total oil and gas production in Russia.

Erginskiy license area borders with Rosneft's major fields - Priobskoye (RN-Yuganskneftegaz) and Zapadno-Erginskoye (Kondaneft) that have a developed infrastructure.

Decision to acquire Erginskoye license area is in line with the strategy aimed at maximum efficiency in developing the resources of the main oil and gas region of Rosneft's activity.

The Company preliminarily prepared the area development plan that will allow implementation of unique synergetic capabilities at the territory of Khanty-Mansi Autonomous Area-Yugra.

To read the full story in Russian.

Source : Neftegaz.RU

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