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Russian licensing review 2012

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Report summary

Russian exploration and development licensing declined sharply in 2012 with a total of only 67 known awards made. This constitutes a new low in a declining trend from a peak of 363 in 2006. Signature bonuses of US$3.6 billion were paid of which US$3.15 billion were for just two strategic assets in West Siberia. These two licences Imilorski and North Rogozhnikovski contain large oil fields with reserves of almost two billion barrels.

What's included

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  • Document

    Russia licensing review 2012 February 2012.xls

    XLS 64.90 KB

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    Russian licensing review 2012

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    Russian licensing review 2012

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Table of contents

Tables and charts

This report includes 11 images and tables including:

Images

  • Top 10 awards in 2012 by signature bonus (US$ million) and basin
  • Number of licences awarded by year and region
  • Distribution of signature bonus payments in 2012 by region
  • Map - Blocks awarded in West Siberia and Timan-Pechora in 2012

Tables

  • West Siberia
  • Volga-Urals
  • Timan-Pechora
  • East Siberia
  • Far East
  • North Caucasus
  • Barents Sea

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