Rosnedra will auction hydrocarbon licenses in Yamal-Nenets Autonomous Area
The Russian Government has issued a directive to auction several licenses for gas development in an area of federal significance in the Yamal-Nenets Autonomous Area. The bidding will be organized by the Federal Agency for Mineral Resources. The relevant documents are published on the Government's website.
Directive No. 1258-r of June 15, 2017 concerns a combined license for the geological prospecting, exploration and production of hydrocarbon resources in an area of federal significance including the Shtormovoye Field. The area is 5,637.2 sq km.
In accordance with the Government register of the balance of oil and gas reserves, the license block in question contains the following estimated reserves and resources: 1.865 bcm of C1 natural gas, 6.06 bcm of C2 gas, 572.536 bcm of C3 gas; and 38.874 million tons of C3 gas condensate. The estimated recoverable resources include 286.984bcm of D1L gas, 299.4 bcm of D2 gas; 27.267 million tons of D1L condensate, and 40.4 million tons of D2 condensate.
Under Article 40 of the Federal Law On Mineral Resources, subsoil developers who have obtained the right to use resources shall pay a one-time fee for the use of the subsoil area. The amount shall be determined under Government Resolution No. 94 of February 4, 2009. The one-time fee for this area is 945.17 million rubles.
Directive No. 1259-r of June 15, 2017 concerns a combined license for geological prospecting, exploration and production of hydrocarbon resources in the area of federal significance that includes the Verkhnetiuteiskoye and Zapadno-Seyakhinskoye fields. The area is 3,279.7 sq km.
In accordance with the Government register of the balance of oil and gas reserves, the license block in question contains the following reserves and resources: 1.724 million tons of C3 oil; 206.407 bcm of C1 gas, 103.5 bcm of C2 gas), 572.536 bcm of C3 gas); 2.473 million tons of C1 condensate, 4.142 million tons of C2 condensate, and 63.995 million tons of C3 condensate. The estimated recoverable resources total 285.3 bcm of D1 gas), 37.1 bcm of D2 gas); 19.7 million tons of D1 condensate, and 8.3 million tons of D2 condensate).
The one-time fee for this subsoil area is 5,840.87 million rubles.