The firm plans to start drilling the wells in 2016 to target some of the estimated 75 billion barrels of technically recoverable shale oil resources estimated by the US Energy Information Administration to potentially lie in the Bazhenov formation.
The Moscow-headquartered oil arm of the giant Russian state operator has been going it alone in its shale exploration activities since last Autumn when Anglo-Dutch supermajor Shell suspended its involvement in the play due to Western sanctions.
Gazprom
