The Russian Subsoil Use Management Agency has prolonged the license on the Eastern Inginsky site for RusPetro
Edited by Rhod Mackenzie / 2014-04-15 03:34:54
The Russian Subsoil Use Management Agency has prolonged the license on the Eastern Inginsky site in the Khanti Mansi autonomous area for RusPetro Plc until June 2034. The license on the site expires in June 2014.
RusPetro holds the licenses via its subsidiaries for the Eastern Inginsky, Pottymsko-Inginsky and Palyanovsky sites with the total area of 1,200 sq. km. RusPetro Plc is the independent oil and gas company operating in Western Siberia. Its reserves are 1.8 billion barrels in oil equivalent. In Q4 2013, it reduced daily production by 6% to 4,010 barrels of oil.
