“LUKOIL” has received a license to the East-Taimyr area

Moscow. December 14. The Federal Agency for subsoil use (Rosnedra) of 14 December issued by LLC “LUKOIL-Western Siberia” (100% subsidiary enterprise of NK “LUKOIL” for the right to use the Eastern Taimyr the subsoil plot, located in the Taimyr Dolgan-Nenets municipal district of Krasnoyarsk region, the report said NK.

The license is granted for a period of 27 years. The area East of the Taimyr area is 13.8 thousand square km.

“As a result of obtaining a license for subsoil use of the East-Taimyr area of LUKOIL significantly increased its hydrocarbon resources, if successful, exploration will open up new prospects of oil and gas in a new region of Eastern Siberia”, – the company expects.

In August, LUKOIL won the competition for a license for the development of the onshore part of the East-Taimyr area. Besides “LUKOIL” in participation of “Rosneft”. Last first wrote a letter to the Ministry of environment to clarify actions of the competition Committee, and then submitted to Rosnedra in court.

However, the Moscow Arbitration court refused to Rosneft in the application for recognition illegal the decision of the competition Commission.