Sibneft to explore northeastern Russia shelf

08/27/2001
Russian company OAO Sibneft is launching several-pronged activities in and off far northeastern Russia.A Sibneft affiliate is drilling a wildcat in search of crude oil in the eastern Anadyr basin on a nearshore island in southern Anadyr Gulf. Another Sibneft project is to involve development of gas identified in an onshore field to replace coal at a power plant in Anadyr.Sibneft and OAO Yukos, Moscow, are to form a 50-50 joint venture in third quarter 2001 to reprocess seismic data from the shelves of the Chukotka and East Siberian seas. Later they will acquire more seismic data, perhaps as soon as late 2001, and might eventually drill wildcats offshore, Sibneft said.The geological struct...
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