5 sites for oil extraction and development to be put up for auction in Bashkiria

​On Jan 27th 2016 in the Volga federal district the auction for the right of exploration and hydrocarbons extraction at 5 sites in Bashkiria will be held.

The department for subsoil use in the Volga federal district reported on November 12th that the first site – East-Khasanovsky -is located in the west of the Bakaly district of Bashkiria on the border with Tatarstan.

The total area of the site is 174.2 sq m.

The forecast recoverable D1 oil resources make up 1.9 mln tons, D1l-0.3 mln tons. The start-up payment is 2.09 mln roubles.

The second site – Kvartsevy – is located in the Miyaki district of the republic.

The area of the site is 286.2 sq m.

Perspective recoverable C1 oil resources make up 20 thousand tons, forecast D1l oil resources – 0.1 mln tons, D1 – 2.5 mln ton.

Within the borders of the site the mining allotment of the Orlovsky oil deposit is located, the license for its development is issued for Bashneft.

The start-up payment is 2.19 mln roubles.