RUSSIA TO BEGIN OFFERING HUGE FAR EASTERN OFFSHORE TRACTS IN 1993
Russia plans to offer two far eastern offshore areas to bidding for exploration and development rights this year. The plans were announced by. Russian oil agency Northeast Petroleum Operating Agency (NEPO) last week at the Offshore Technology Conference in Houston. The tracts--Primagadan in the Okhotsk Sea and East Khatyrka in the Bering Sea--are part of a program to offer for license 16 offshore areas in the Russian Far East through 1996, NEPO said.