Lukoil been secured rights to develop the Vostochno-Taimyrsky block located in the Taimyr Dolgano-Nenets district of the Krasnoyarsk region.
OOO LUKOIL-West Siberia, a fully-owned subsidiary of PJSC LUKOIL, will operate the block.
The area of the Vostochno-Taimyrsky block is 13,800 square kilometers. The concession period is 27 years.
The new concession opens up new opportunities for PJSC LUKOIL in Eastern Siberia.