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"Lukoil" obtained the largest free oilfields in Russia

Published on Jan. 14, 2013

"Lukoil" obtained the largest free oilfields in Russia
As was reported in press release of Rosnedra, a "Lukoil" company has won the auction for the sale of the last major oilfields in Russia - Imilorskoe, West Imilorskoe and some fields located in the Khanty-Mansiysk Autonomous District. At last, the fields were sold for 50.1 million rubles. "Rosneft" and "Gazpromneft-NNG" also participated in the auction.

The total recoverable oil reserves in Imilorskoe are estimated in about 66 million tons. In 2011 the company "Lukoil” has made an additional exploration of that area.

Earlier the media has called a company "Bashneft” the main contender for Imilorskoe oilfield, but later the company refused to trade. Chairman of the Board of Directors of Cooperative Financial Association "Sistema" (which controls "Bashneft") Mr.Vladimir Yevtushenko, said that the company has decided not to participate in the auction because of high prices.

In December Rosnedra conducted auctions for several large unallotted deposits. Lodochnoe oilfield was sold on 11 of December to TNK-BP, which paid more than 4.66 billion rubles. The Spielmann (North Rogozhnikovskoye) field in the Khanty-Mansiysk Autonomous District was bought by "Surgutneftegaz" for 46 billion rubles.

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Relevant companies

LUKoil (ЛУКойл)

Lukoil is a major Russian energy producer focused on exploration, production and marketing of oil and gas. The company’s production and exploration base is in Russia, with significant refining ...

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