LUKOIL Received a License for Development of The Demenevsky Subsoil Site
The LUKOIL-PERM enterprise was recognized as the winner of the auction for the right to use the subsoil of the Demenevsky site, located in the south of the Perm Territory.
Its area is more than 159 km², its recoverable resources are 1.8 million tons of hydrocarbons. The license for geological study, exploration and production was issued for a period of 25 years with the possibility of further extension.
Also in 2023, LUKOIL-PERMI oilmen received two licenses on the territory of the Republic of Bashkortostan: the recoverable resources of the Minlinovsky and Shulganovsky subsoil areas by the sum of the categories amount to about 2 million tons of oil and 0.6 billion m³ of gas.
The next stage in the development of all three areas will be their geological study.
