Rosneft has extended a license for Sheptalsky deposit
Edited by Rhod Mackenzie / 2016-03-11 10:04:07
The validity of the license would expire in May 2016. The subsoil use department in the Southern federal district has extended it until December 31st 2036.
Rosneft has extended a license for oil extraction at the Sheptalsky deposit in the Crimea district of the Krasnodar region.
The license was issued in November 2006, it would expire in May 2016.
The license holder undertakes to execute the levels of oil extraction in conformity with the project documentation approved in a proper order, make timely payments of taxes. Rosneft is to provide safe execution of works connected with subsoil use and meet the nature preserving norms set by the normative and regulatory acts of Russia on environmental protection.
