Russians to seek exploration in difficult Far East basins

Where Far East Russia Seismicc Data are Available (Fig. 1 [244,039 bytes]) Local governments and associations in Russia hope to encourage exploration interest in lightly explored, mostly nonproducing offshore basins in the Far East. Adjacent onshore areas have experienced recurring shortages of natural gas and petroleum products. Russian authorities have been attempting to license blocks in far eastern waters for much of the 1990s, but political, bureaucratic, fiscal, and tax uncertainties have frustrated most efforts (see map, OGJ, May 10, 1993, p. 21). Decisions regarding RFE offshore tender offerings are being made, said Wavetech Geophysical Inc., Denver. Ap...

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