4 Sep 2012 14:33

Three oil properties to be auctioned Oct 11

SAMARA. Sept 4 (Interfax) - The Samara Region subsoil resources department plans to holds auctions on October 11 for the rights to the Korneyevsky, Komsomolsky and Nizovsky hydrocarbon properties, the department said on its website.

The starting prices will be 438 million rubles for Korneyevsky, 43 million rubles for Komsomolsky and 26 million rubles for Nizovsky.

The deadline for deposits is September 28.

Korneyevsky's oil resources amount to 0.024 million tonnes B category, 1.72 million tonnes C1 and 0.3 million tonnes D1.

Komsomolsky has C1 and D1 oil resources of respectively 0.261 million tonnes and 1.1 million tonnes, and Nizovsky has oil resources of 0.099 million tonnes C1 and 0.3 million tonnes D1.