Irkutsk region announces auction for exploring two deposits

IRKUTSK, September 2 (Itar-Tass) — Russia’s Irkutsk region has announced an auction for exploration of two hydrocarbon deposits with the estimated reserves of 221.3 million tonnes of oil equivalent.

The action is scheduled for October 27. The deadline for applications is September 30. The start-up amount of the one-time payment per license is 36.5 and 22.5 million roubles.

Both fields put on auction are located in the Katangsky district not far from the Eastern Siberia-Pacific Ocean oil pipeline, the territorial department on subsoil use told Itar-Tass on Friday.

The prospected reserves of the Altybsky deposit are 84.1 million tonnes of oil and 53.5 billion cubic meters of gas and of the Nemchuysky deposit – 51.7 million tonnes of oil and 31 billion cubic meters of gas.

This is already the third action announced by the Irkutsk region this year.

At present, there are ten hydrocarbon fields at different stages of exploration are located on the territory of the Baikal region. Around 50 new deposits have already been distributed.

The biggest activity of subsoil users was registered in 2006-2008. Among license owners are 40 companies, including Rosneft, TNK-BP, Surgutneftegaz and the Irkutsk Oil Company.

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