Rosneft Obtains Licenses For Three Barents Sea Blocks

Rosneft said Tuesday it has obtained licenses for geological survey, exploration and production of oil and gas at three blocks of federal significance on the Barents Sea shelf.

The blocks are Tsentralno-Barentsevsky, Fedynsky and Perseevsky.The Tsentralno-Barentsevsky, Fedynsky and Perseevsky blocks are situated in the Western part of the Barents Sea in an area adjoining the Norwegian economic zone.

Estimated total resources at the blocks stand at 3.3 billion tonnes of crude oil and gas condensate and up to 2,800 bcm of gas, Rosneft said.

According to the company, exploration of the blocks envisages 11,000 linear kilometres of 2D seismic studies, 3D seismic studies covering 3.5 square kilometres and the drilling of five wildcat wells.