Russia to auction large oilfield on Aug 31, starting price 766 mln rbl

MOSCOW, Jul 1 (PRIME) -- Russia’s Federal Mineral Resources Agency will auction large oilfield Lebyazhy at the Krasnoleninskoye deposit in the Khanty-Mansi Autonomous District for geological survey and production with the initial price set at 765.718 million rubles, as seen by PRIME in the authority’s materials on Friday.

The Lebyazhy’s recoverable reserves amount to 37 million tonnes under the B1+B2 categories. A total of 31 exploration wells were drilled at the field, of which seven were later suspended.

In 2016, the Natural Resources and Environment Ministry said the field is not eligible for distribution and will be auctioned in case of a good market situation.

The Federal Mineral Resources Agency will also auction two small oilfields, Vostochno-Panlorsky and Nyatlongsky with the initial prices of 51.53 and 51.749 million rubles, respectively.

(52.5123 rubles – U.S. $1)

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