All news

Rosneft gets right to use Bogatinsky subsoil area in the Sea of Okhotsk

The area's forecast resources amount to 82 mln tonnes of oil and 62.1 bln cubic meters of gas

MOSCOW, May 13. /TASS/. Russian Prime Minister Dmitry Medvedev signed a decree granting the right to use Bogatinsky subsoil area located in the Sea of Okhotsk to the Russian oil major Rosneft. The document was posted on the government’s website on Friday.

"Rosneft obtains the right to use the Bogatinsky subsoil area for subsurface studies, exploration and production of raw hydrocarbons," the explanatory note to the decree says.

Bogatinsky area totals 3,023 sq km. Its forecast resources amount to 82 mln tonnes of oil and 62.1 bln cubic meters of gas.