Two oil-and-gas deposits put up to auction in Sverdlovsk Region

Two oil-and-gas deposits have been put up to auction in Sverdlovsk Region, with a 25-year development license. Kedrovskiy deposit is to be sold on December 7, 2006, with applications submitted until November 21, 2006. The opening bid is 31m RUR. The deposit has 318m of explored gas reserves, 21bn cubic meters of gas in terms of probable reserves, and 3m tons of oil. Vostochnoye deposit is to be sold on November 30, with the applications submitted until November 9, 2006.


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