Project Profile
Location: Sarapulsky district of Udmurtia
Value: Undisclosed
Reserves: 84,000 tonnes
Licence Validity: 25 June 2038
The onchuginsky block lies in the Sarapulsky district of Udmurtia and contains 84,000 tonnes in B2 hydrocarbon reserves. The licence is valid until June 25, 2038. A joint venture between Rosneft and Sinopec, Udmurtia Petroleum Corp (UDM), has received an exploration and production licence for the onchuginsky block. Rosneft holds a 51% stake and Sinopec 49% in the UDM.
Operators:
Rosneft: 51% interest
Sinopec: 49% interest