Ministry of Natural Resources prolonged the period of validity of OAO Saratovenfetgas’s license for oil production at Pogranichnoye oilfield
Saratov. The RF Ministry of Natural Resources prolonged the period of validity of OAO Saratovenfetgas’s license for oil, gas and gas condensate production at Pogranichnoye license area in Krasnodarsky district up to December 2043.
The licensing body took this decision on December, 13. The license was issued first in December 1998 and its period of validity was to expire in December 2018.
OAO Saratovneftegas – a subsidiary of OAO NK RussNeft – is the largest oil and gas producing company of the Saratov region. The company is developing 43 oilfields at the territory of 14 districts of the Saratov region and in Staropotavsky region of the Volgograd region.
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