Support The Moscow Times!

Oil Found Under Perm

PERM — LUKoil-Perm discovered a new oil deposit in the Perm region with about 20 million tons of assumed recoverable reserves, the company said in a statement cited by Interfax on Thursday.

LUKoil-Perm came across the deposit while drilling its first prospecting well at the Zyryanskaya structure in the Kondassky licensed section, located beneath the Verkhnekamskoye potassium-manganese salt field, the statement said.

The company plans to launch a new field at the Kondassky section this year. Reserves at the field have preliminarily been estimated at 27 million tons of oil.

(MT)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.