Buguruslanneft LLC Gets the Right to Develop Another License Block in Orenburg Region

Июля 27, 2010

Buguruslanneft LLC has won in an open auction for the right to use subsurface mineral resources of the Ivanovskoe oil and gas field in the Krasnogvardeysky and Ponomarevsky districts of the Orenburg region. Today, the minutes of the tender committee meeting was signed.

The Ivanovskyoe field is located close to the existing infrastructure of Buguruslanneft LLC, enabling its prompt bringing into operation. “The purchase of new assets proves that Buguruslanneft LLC has every opportunity for dynamic development, rationalizing production and adopting new technologies”, said Igor Kristiyan, General Director of Buguruslanneft LLC. “Therefore more oil will be produced, new jobs will be created and more tax money allocated for the development of our territory”.
As it was reported earlier, this June Buguruslanneft LLC has won in an auction for the right to use subsurface mineral resources, including oil prospecting, exploration and production at Krasnonivskoe field in the Orenburg region.