According to an offshore project report on December 23, Gazprom Neft, a Russian oil producer, has obtained the development and production licenses of oil and gas exploration in the Leninsky block of the Gydan peninsula.
The total area of the block is 3,650 square kilometers. According to the National Mineral Reserve Register, the existing reserves are 110 million tons of oil equivalent. The license is valid for 27 years.
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