Reserves of Ayansky (West) License Block are Approved

In June 2014, the State Committee for Reserves (aka ‘Rosnedra’)  approved the initial reserves of the Ayansky (West) license block, with the respective license holder being LLC Tikhookeansky Terminal, a subsidiary of Irkutsk Oil Company. These reserves are currently estimated to contain  0.26 million tons of oil.

The license for the Ayansky (West) license block was received in March 2010. . Located in the northern part of the Irkutsk region, this block borders the Ust’-Kutsky, Kirensky, and Katangsky districts. The total area of the license block  measures 162.7 square kilometers.

After  officially submitting the reserve information  to the  federal government, the company plans to consider the development of the project of the Ayansky (West) license block and to submit it for approval in Rosnedra.

Irkutsk Oil Company holds 19 subsoil licenses in the East Siberia. Within the last five years INK discovered seven new hydrocarbon fields, effectively   issuing INK  as the leader of the  volume of exploration drilling in the Irkutsk region.