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Company in Mass Media

Polyarnoe Siyanie to start developing West-Kolvinsky subsoil block, NAO

07.12.2016. http://neftegaz.ru/news/view/156372-Polyarnoe-siyanie-zaymetsya-razrabotkoy-Zapadno-Kolvinskogo-uchastka-nedr-v-NAO

SevZapNedra (Subsoil Use Department for North-West Federal District) has wrapped up the auction for West-Kolvinsky and North-Liginsky subsoil block in Nenets Autonomous Okrug (NAO). According to Rus’-Oil statement of 7 December 2016, two companies were competing for these lots.

Infrastructure and Production Management Company competed for West-Kolvinsky block against Rus’-Oil-managed Polyarnoye Siyanie. The latter won, with an offer of 18 million rubles for the subsoil block.

West-Kolvinsky subsoil block, with the total area of 1,806.2 km2, is located 230 km South of Naryan-mar, its Western border being 30 km East of Ardalinskoye deposit, also operated by Polyarnoe Siyanie.

According to Russian National Research Institute for Oil Geology (FBU VNIGNI) quantitative assessment of hydrocarbon resources, the total oil reserves in different categories at West-Kolvinsky block are estimated at 24.5 million tons. The company is licensed to develop this area for 25 years.

Rus’-Oil manages several oil and gas enterprises in KMAO, Yakutia, NAO and Irkutsk Oblast: Dulisma, Polyarnoe Siyanie, Gustorechenskoe, Irelyakhneft, Razvitie Saint-Petersburg, etc. In October 2016, the company signed confidential management agreements for six licensing blocks in Surgut and Nefteyugansk districts of KMAO, auctioned in July 2016.