Gazprom wins another Barents Sea license

August 8, 2014

Gazprom has been awarded the license to the Kheysovsky without tender, Barents Obsever reports. The company is paying 1,07 billion roubles for the license, a press release from the government reads. The Kheysovsky is estimated to hold more than two trillion cubic meters of gas, 394 million tons of oil equivalents and 32 million tons of condensate.

In the same government decree, Rosneft is awarded the license to the Pritaymyrsky field, a 26,600 square km area in the Laptev Sea.

The Kheysovsky has long been on the list of Gazprom’s desired fields. The company now holds a total of 36 licenses in Arctic waters, among them 10 in the Barents and Pechora Seas. In addition, Gazprom is bidding for another two Barents Sea licenses, to the Aleksandrovskoye and Severo-Zapadny.

Copyright, Barents Observer, 2014.