27 Dec 2010 15:51

Bashneft buys two deposits in Komi

MOSCOW. Dec 27 (Interfax) - Bashneft has acquired 84.99% in LLC Soyuz Oil Company and LLC Euro Alliance, which have hydrocarbon assets in the Republic of Komi, a Bashneft press release says.

The companies hold licenses to prospect and extract raw hydrocarbons at the Yuzhno-Listvenich oil and condensate deposit and to do geological exploration for hydrocarbons at the Kochmes section in Komi.

Proven, possible, and likely reserves at the deposits, as confirmed by an audit by DeGolyer and MacNaughton, come to 3.5 million tonnes of oil and 300 million cubic meters of gas.

The Yuzhno-Listvenich deposit is located in the Pechora region and Kochmes in the Intinsk part of the Republic of Komi.