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Gazprom neft will take part in the bidding procedure on South Kamennomyssky oil and gas area in the YaNAD

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Gazpromneft Yamal (Gazprom neft’s subsidiary) has applied for auction on South Kamennomyssky oil and gas area as of 9.6 m t of crude, 2.3 m t of gas condensate and 72.4 bcm of D1 gas.

Novokhim has also applied for participation.

The initial payment equals to 138.99m RUB. The auction results will be announced on 20 September 2017.

South Kamennomyssky oil and gas area registers the reserves as of 19.926 m t of oil and 3.67 bcm of gas.

Source: Rambler News Service (RNS)

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