RUSSIAN state-controlled oil producers Rosneft and Gazprom Neft and independent gas producer Novatek have submitted bids for three oil and gas blocks in the Yamal-Nenets autonomous region, writes Vahe Petrossian.

According to the Natural Resources & Environment Ministry, a Gazprom Neft regional subsidiary expressed interest in the South Kamennomysky block, which has no confirmed reserves but lies close to explored acreage between the Yamal and Gygan peninsulas.

Prospective resources are estimated at about 265 million barrels of oil and 84 billion cubic metres of gas.