Bloomberg News

Russian Ministry Offers Exploration Rights to 58 Oil, Gas Fields

February 13, 2012

Feb. 13 (Bloomberg) -- Russia’s subsoil agency Rosnedra is accepting applications for the rights to explore 58 prospective oil and gas fields until April 12, according to information on the Natural Resources Ministry’s website posted today.

The largest oil field being offered is in the Krasnoyarsk territory with prospective D1 and D2 resources of 83 million metric tons of crude, or 608 million barrels, according to Russia’s classification system.

--Editors: Tony Barrett, Alastair Reed

To contact the reporter on this story: Jake Rudnitsky in Moscow at jrudnitsky@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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