Jogmec saddles up at Severo-Mogdinsky
News wires
Japan's state-run Japan Oil, Gas & Metals National Corporation (Jogmec)
said today it had won a mining licence for the Severo-Mogdinsky Block in
Russia and was ready to start a geological survey of the area.
Jogmec plans to drill more than four test wells within the next five years as
part of an exploration project to find hydrocarbons at the block.
A Jogmec official told Reuters the company would spend roughly 10 billion yen
($95.8 million) at Severo-Mogdinksy.
The 3747 square kilometre block lies about 1000 kilometres north of the East
Siberian town of Irkutsk, and 150 kilometres south-east of the proposed
route of Russia's Asian oil pipeline.
A Bloomberg report said the work would be carried out via a joint venture
between Jogmec and Russia's Irkutsk Oil. Irkutsk will take a 51% stake in
the venture.
28 April 2008 11:42 GMT
| last updated:
29 April 2008 06:57 GMT
Latest jobs
