Russian watchdog may revoke TNK-BP’s Kovykta gas field license | Top Russian news and analysis online | ‘RIA Novosti’ newswire: “Russia’s environmental regulator said on Wednesday that the Russian-British joint oil venture TNK-BP may lose its license to develop a huge gas field in Siberia over a failure to comply with the terms of the agreement.
Rosprirodnadzor has completed an unscheduled audit of TNK-BP’s operations at the Kovykta gas condensate field, with estimated reserves of over 2 trillion cubic meters of natural gas, and will recommend that the Natural Resources Ministry revoke the license, the watchdog said.
It was earlier reported that a decision on the revoking of the license for the gas field, which also contains 2.3 billion cubic meters of helium and 115 million metric tons of gas condensate, could be made before March 1, 2010.”