Gazprom Neft and Shell established a joint venture to study and develop the Leskinsky and Pukhutsyayakhsky license blocks on the Gydan Peninsula. The combine will study a large, promising cluster in the northeastern part of the peninsula, Gazprom said in a release.
Following completion, expected this year following receipt of corporate and regulatory approvals, the partners will each have a 50% interest in the capital of the joint venture, which will be managed by Gazprom Neft and Shell on a parity basis.
The 3,000-sq km Leskinsky license block lies in the Taymyr district of the Krasnoyarsk Krai. Hydrocarbon resources may exceed 100 million tonnes of oil equivalent, Gazprom said. The adjoining 800-sq km Pukhutsyayakhsky block lies in the Tazovsky district of the Yamal-Nenets Autonomous Okrug. Its resources are estimated at 35 million tonnes of oil equivalent, Gazprom said.
Currently, 2D seismic surveys have been completed on both blocks. Drilling of the first prospecting well is expected to begin in the Leskinsky area by yearend. Data will be used to refine the geological concept and prepare a future project development plan.
Gazprom Neft-GEO will operate exploration works for the first stage.