New drilling rights to Gazprom and Rosneft without auction

The news agency RIA Novosti reports that the Russian government has given Gazprom the rights to drilling operations in a new subsea area in the Barents Sea. Moreover, Rosneft received permission to extract minerals in a new location in the Sea of ​​Okhotsk (part of the Pacific Ocean). The new rights to drilling operations were published Monday on the website of the Russian government.

In connection with the governmental decision, Russian Prime Minister Dmitry Medvedev has extended the list of subsea assets “of federal significance” that can be taken in use without holding any auctions. The list includes subsea fields in the Barents Sea and the Deryuginsky field located in the Sea of ​​Okhotsk.

The price of production licenses 920,2 rubles (19,2 million Euro) for Gazprom and 336.6 million rubles (7 million Euro) for Rosneft.

Source: RIA Novosti