Agency to auction Zapadno-Minkhovsky block on December 16

MOSCOW, Oct 26 (PRIME) -- Russia’s Federal Mineral Resources Agency plans to auction the Zapadno-Minkhovsky block located on the Gydan Peninsula and partially in the Taz Estuary of the Kara Sea on December 16, the agency said on Monday.

The starting price is 124 million rubles.

The projected hydrocarbon resources of the block amount to 30.3 billion cubic meters of gas under Dl, 89.8 billion cubic meters under D1, and 209.4 billion cubic meters under D2. The recoverable condensate resources amount to 5.4 million tonnes under D1 and 21.8 million tonnes under D2.

(76.4667 rubles – U.S. $1)

End %%ob/jst%%