Oil and gas exploration areas will begin in the NAO in 2016

Oil and gas exploration areas will begin in the NAO in 2016


In the region there are large areas nedorazvedany reserves can serve the country, said the head of the NAO Igor Koshin. He noted that mining companies will help to improve the quality of life in the County.

MOSCOW, 9 Nov. The company “Vostok NAO”, a joint venture of LUKOIL and Bashneft, will drill in 2016 in the Nenets Autonomous district two exploratory wells to evaluate prospects license areas “North-Raagini” and “Angarisi”, have informed in district administration.

“NAO is a large nedorazvedany areas, reserves which can serve the entire country. That’s why the district created conditions for the development of new fields and increase the efficiency of existing ones”, — said the head of the NAO Igor Koshin.

According to him, the subsoil area is active not only in production, but participation in socio-economic development — hence the quality of life in the neighborhood will increase.

Previously LUKOIL and Bashneft established a joint company “Vostok NAO” to continue exploration in the district as part of licence agreements on seven sites of bowels that had previously belonged to oil companies.