Oil companies struggle for new hydrocarbon sites

Oil companies seek to maintain production in their traditional regions, that’s why they buy up new areas of hydrocarbons, pushing up the price of licenses. Quite serious struggle for seven sites in the Khanty-Mansiisk autonomous district, where all major players on the oil market work now, took place at the auction, held by Rosnedra on Monday, the first time in the past two years.

The oil companies don’t find the sold out sites in the region very promising, but "these are good projects, and the infrastructure is close," – a source of the Kommersant explained the excitement at the auction. He said that there are less and less new production sites of hydrocarbons on land, that’s why the companies had to fight for them more actively.