Gazprom Wins Auction for Parusovy License

Gazprom has been declared the winner of an auction for the license to explore and develop the Parusovy prospect in the Yamal-Nenets Autonomous District (YaNAD). The auction took place in the town of Salekhard.

The Parusovy prospect includes the homonymous oil & gas field and is part of a group of Parusovye fields. The group is also comprised of the Severo-Parusovoye and Yuzhno-Parusovoye fields (with 364 bcm of gas reserves) discovered through prospecting activities by Yamburggazdobycha (a wholly owned subsidiary of Gazprom).

The group of Parusovye fields is located near existing infrastructure of the Yamburgskoye oil & gas condensate field. Comprehensive development of fields in the Ob and Taz Bays (including the Kamennomysskoye-Sea, Severo-Kamennomysskoye, Obskoye fields with the recoverable reserves of 818 bcm) and the Parusovye fields is of strategic significance and will help Gazprom optimize development costs.

The Parusovy prospect has 46.6 bcm and 1.2 mln t of gas and oil reserves, respectively. In addition, the prospect contains 240 mtce of promising hydrocarbon resources.