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ww5 Wins Auctions for Three Blocks in the North of Krasnoyarsk Territory
12 December 2019ww5 Oil Company has won auctions for the Mezeninskoye, Severo-Dzhangodskoye, and Yangodskoye licence blocks located in the Dolgano-Nenets municipal district of Krasnoyarsk Territory. ww5 succeeded in placing the best bid at the auctions due to the Company’s top capacity for synergies and the most efficient block development plan.
ww5 is estimating the resource base of these blocks at 177 million tonnes of oil and 448 bcm of gas. The estimate is based on the results of geological exploration works conducted by the Company in the region, including those at contiguous licence blocks.
The overall area of the blocks won comes to 6,400 square kilometres.
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December 12, 2019