Trebs and Titov deposits may require $5-6 billion investment
The two promising oil deposits in Timan-Pechora area in Nenets will be costly to develop.
In November, the Russian oil-company Bashneft got the license to explore Trebs and Titov deposits, but according to Interfax the company are now in negotiations with Lukoil on a possible cooperation.
Five-six years ago, Lukoil and Conoco planned jointly to develop this basin. Lukoil is big in the area, and has invested heavily in the infrastructure in this field.
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- It would be logical to cooperate with Lukoil in these fields, head of Energy Sistema, Aleksandr Korsik told Interfax. Energy Sistema controls Bashneft.
Board member in Basgnbeft David Yakobashvili saus to RIA Novosti today that the fields may require investment of $5-6 billion, but the size of the investment could be adjested, if other partner enters the project.
The Trebs and Titov deposits are located onshore northeast of Narjan-Mar. The two fields are said to be the largest untapped fields in the European part of Russia.
