OREANDA-NEWS. April 08, 2011. Rosneft acquired a license to explore the Naulsk oil field, located in the Nenets Autonomous District. The Company paid RUB 3.6 billion for the license at auction, reported the press-centre of Rosneft.

It is assumed that Severnaya Neft, a Rosenft subsidiary, will be the operator of the project. Severnaya Neft is already engaged in exploration and production activities at three fileds - Cherpayusk, Nadeiyusk and Khasyreysk, which are part of the Val Gambourtseva oilfield.

Naulskoye’s oil reserves, classified as C1 and C2, are estimated at 51.3 million tons of oil. Production should reach a maximum volume of one million tons per year. The lot size is 70.7 square kilometers. At a minimum, the cost of exploring the field is estimated at 1.5 billion rubles, including for the drilling of three wildcat wells and one exploration well, in addition to the gathering of 2-D and 3-D seismic data.

Field commissioning expected in 2016.

Polar Lights, a joint venture between Rosneft and ConocoPhillips, is currently exploring five fields in the Ardalinsk Group, which are also located in the Nenets Autonomous District.