Your account already exists. Please login first to continue managing your settings.
Gazprom Neft has acquired Korsar, the sole member of Zhivoi Istok, and as a result established control over Zhivoi Istok, which holds licenses to explore and produce oil at the Baleykinsky field and to survey the Uranskaya acreage, a news release said.
Both license areas are located in the Orenburg region, covering the Novosergievsky district and partially covering the Sorochinsky district, 30 km (19 miles) away from Gazprom Neft’s other owned field – the Tsarichanskoe field.
Original oil reserves (?1+?2) confined to both license areas amount to 8.2 million tons. Gazprom Neft’s team estimates the resources potential of the field at 30 million tons of oil, according to the release. The company will continue with its exploration work to ascertain the amount of reserves.
Oil output available from the Baleykinsky field will be treated at the Tsarichanskoe field, while associated petroleum gas (APG) will be treated at the Kapitonovskoe field, the release said.