Rusneftekhim, Russian Oil Company JSC, raised its concession fund in the Yamalo- Nenets Autonomous Area (YANAA), western Siberia.

Rusneftekhim has bought five concession blocks in the Shuryshkarsky district of the YANAA: Ilyagortsky, Mategansky, Ust-Kunovatsky, Khalasiegansky, and Yuzhno-Tiltimsky ,with a total area of 8,430 km2. The initial resources on the state’s balance sheet are 35.11 million tons (mmt) of oil and 30.64 billion m3 of gas.

Additionally, the company is currently planning geological exploration projects, followed by drilling operations to indicate oil and gas deposits and place hydrocarbon reserves on the state balance sheet. It is worth to mention that the company owns a fund of highly productive gas condensate wells in the Purovsky district of the YANAA.

The Executive Director of Rusneftekhim, Vyacheslav Strukov, stated that “the priority in work in these license areas is high technological effectiveness and the use of innovations that help accelerate the pace of exploration and improve the quality of interpreted results. This cluster will significantly increase the production fund of our company.”