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Irkutsk Oil Company acquired two oil and gas areas

December 1, 2014

On November 25th 2014, Irkutsk Oil Company won an auction for the right to explore and develop hydrocarbons on Verhnetirsk and Verhnenepsk’s fields in Irkutsk region.
Иркутская нефтяная компания приобрела два нефтегазовых участка
The acquired resource sites are adjoined to the licensed facilities already being developed by Irkutsk Oil Company. They are located on the territory of Ust-Kut, Katanga, and Nizhneilimsk areas. The licensed areas are within the Nepa-Botuobinskaya oil and gas area, which is part of the Leno-Tungus oil and gas province. Obtaining the right for the subsoil of Verhnetirsk and Verhnenepsk’s sites is in line with Irkutsk Oil Company’s strategy to continuously grow its resource base, largely through the addition of territories bordering with company's current license fields.
Irkutsk Oil Company is one of Russia’s top five environmentally responsible oil companies Irkutsk Oil Company named best regional Fuel and Energy Company for the second year in a row