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Independent Russian gas companies align for Yamal tenders

3 independent Russian gas manufacturers-- Novatek, Itera and also Summa Resources-- have actually submitted quotes for 4 tenders of oil as well as gas fields in Russia's north Yamal Peninsula that hold gas reserves and also resources of over 2 trillion cubic meters, spokespersons from the firms said Monday.

Novatek, Russia's biggest independent, sent quotes for all four areas, while Itera as well as Summa Resources, which manages the Yakutsk Gas and also Energy Company, bid only for the Geofizicheskoye field.

Russian gas titan Gazprom decreased to discuss its prepare for the tenders, yet a source near the firm said it would not participate in any of them.

In a federal government order signed by Prime Minister Vladimir Putin on December 1, the 4 fields were marked as enhancements to the resource base for the planned Yamal LNG job, which is being created by Novatek.

Novatek currently has the license for the Yuzhno-Tambeiskoye field in the area, with reserves estimated at 1.3 Tcm of gas. Gazprom additionally has gets in the area, with licenses for the 101 Bcm West Tambeiskoye and also 724 Bcm North Tambeiskoye areas.

All four fields to be tendered have gets that are considered government considerable, a classification for hydrocarbon fields with reserves of a minimum of 70 million mt (511 million barrels) of oil or 50 billion cubic meters of gas, which by legislation implies they can just be developed by Russian business.

Geofizicheskoye, with C1 and also C2 books of 211 billion cubic meters of gas according to the Russian classification system, has a beginning cost of Rb1.34 billion ($48 million). The Salmanovskoye (or Utrenny) field has C1 as well as C2 books of 767 Bcm and also a starting cost of Rb4.828 billion.

C1 as well as C2 with each other are roughly comparable to possible books.

specialty chemical companies are overseas as well as are much less explored. The North-Obsky block has resources of 1.164 Bcm as well as a beginning cost of Rb635 million, as well as the East-Tambeisky block has sources of 598 Bcm and also a beginning price of Rb67 million.

The last day to send bids was Friday and tenders will certainly be hung on June 23, according to Russian subsoil company Rosnedra.