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ANK Bashneft' OAO acquires Bashneftegazrazvedka


Tuesday, 24 Dec 2013 07:00pm EST 

ANK Bashneft' OAO:Says Bashneft acquired LLC Bashneftegazrazvedka, which holds a licence for geological exploration of subsoil blocks aimed at prospecting and evaluating hydrocarbon reserves at the Vostochno-Ikskiy licence area in the Bakalinsky District of the Republic of Bashkortostan.Says the licence is valid until Sep. 1, 2018.Says the Vostochno-Ikskiy licence area has a total area of 1,111.4 sq. km and borders the Ilishevskoye oilfield in the north-east and the Mustafinskoye oilfield developed by Bashneft in the south.Says in the west, the area borders Bashneft’s Khasanovskiy licence area, where the Afanasyev field was discovered in 2012 (the field was commissioned in Dec. and its production rate currently totals about 470 tons per day).Says structurally and tectonically, the Vostochno-Ikskiy area is situated in the eastern part of the South Tartar roof.Says currently, the area comprises two prepared formations: the Kilkabyzovskaya and Plodoyagodnaya formations.Says preliminary estimates suggest that recoverable oil reserves at the Vostochno-Ikskiy area may total 7 million tons. 

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