Exploitation of Flank License Blocks is Leading to Further Expansion of Gazprom Neft’s Resource Base
Gazprom Neft has, for the first time, acquired geological prospecting licenses for flank blocks at developed fields — these new blocks, the Sverdlovsky 4 and Yuzhno-Zimny, being located in the Sverdlovsk and Tyumen Oblasts. The “flank” mechanism gives existing subsoil users a priority right to secure prospecting licenses to blocks in the Unallocated Subsoil Reserve Fund within a 20-kilometre zone …