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24.02 2012 22:20:10

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Bashneft and Lukoil win Nenets oil

by Vitaly Mihalchuk

On Tuesday, February 21, tenders were held for the right to develop three promising blocks in the Nenets Autonomous Region, Yangareisky Verkhneyangareisky and Sabriyaginsky. The starting bids were extremely low, given the good prospects of the fields. Four companies attended the tender: Bashneft, Lukoil, Surgutneftegaz and Sheel’s Russian subsidiary (foreign companies were bared from this tender). Over the course of bidding, the starting price of one block was raised by a factor of 600.

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