LLC «ZAAB Invest» has taken the decision to relinquish the license for geological studying of subsoil of the Rudevsky license area
In accordance with the conditions of the license agreement, LLC «ZAAB Invest» carried out works on processing and re-interpretation of 615 linear kilometers 2D seismic data of the previous years. As a result some structures have been determined which are out of interest in commercial operations as they are characterized by considerable depths of occurrence, small sizes of volumes of hydrocarbon resources.
Due to the absence of any economical prospect for the further oil and gas works in the Rudevsky license area and according to p.2 art.20 of the section II of Federal Law «About subsoil» LLC «ZAAB Invest» made a decision to relinquish the license for geological studying of subsoil of this license area.