Bashneft notified of admission to Trebs-Titov tender
MOSCOW. Oct 1 (Interfax) - Bashneft has received confirmation from the tender commission for the Trebs and Titov oil fields that it has been admitted to the tender for the license to fields, the company told Interfax.
"Bashneft has received confirmation is has been admitted to the tender," the company said.
Only two companies, Surgutneftegas and Bashneft, have been admitted to the tender, which takes place on December 2, reports said following the first meeting of the tender commission on September 27.
Six companies registered to bid and paid the tender fee by the September 20 deadline. The six were Lukoil subsidiary Lukoil-Komi LLC; Bashneft; TNK-BP subsidiary OJSC Samotlorneftegas; Surgutneftegas ; Gazprom Neft ; and Nord Imperial LLC, which is part of India's ONGC group.
Qualifying bidders for Trebs-Titov have until October 25 to pay the deposit, equal to the starting price, which is 18.171 billion rubles, and until October 28 to submit plans to develop the fields, proof of payment of the deposit, and their proposed one-off bonus.
The Trebs-Titov tender commission will next meet on December 2, when it will decide on the winner and ask the government to ratify the decision.
The combined recoverable resource in the Trebs-Titov fields, which are in the Nenets Autonomous District, amounts to 89.73 million tonnes of C1 reserves, 50.33 million tonnes of C2 and 59.29 million tonnes of C3. D1 forecast reserves total 70 million tonnes.
Tenderers must have the capability to refine at least 42% of the hydrocarbons to be produced and to sell at least 15% of the petroleum products on the commodities exchanges in Russia.