Rosneft gains blocks off eastern Russia

Rosneft has been awarded five blocks for geological surveying, exploration and development on the Sea of Okhotsk shelf off northeast Russia.

Dec 19th, 2011

Offshore staff

MOSCOW – Rosneft has been awarded five blocks for geological surveying, exploration and development on the Sea of Okhotsk shelf off northeast Russia.

The five blocks are Magadan 1, 2 and 3, Lisyansky, and Kashevarovsky.

Rosneft estimates total recoverable resources at more than 1.1 billion metric tons (1.21 billion tons) of liquid hydrocarbons and 2 tcm (70.6 tcf) of gas. This includes 850 MM metric tons (937 MM tons) of oil and 1.789 tcm (63 tcf) of gas spread throughout Magadan 1, 2 and 3.

12/19/2011

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