As noted in the report, the only member of the company (Ermak Neftegaz LLC) received from BP Russian Investments Limited a copy of a letter of notification of withdrawal from the project on December 23, 2020. According to the shareholder and operating agreements in relation to Ermak Neftegaz, Rosneft is to acquire 100% of the joint venture’s participation interest in Srednelenskoye within 2021.
OOO Ermak Neftegaz, established in 2016, conducts geological exploration in two zones – in Western Siberia and the Yenisei-Khatanga basin. Rosneft’s share in Ermak Neftegaz is 51%, BP’s is 49%.
Inferred oil resources of the Srednelensky block in the D1 category are 0.9 million tons, in the D2 category – 4.9 million tons; D1 gas reserves amount to 2.1 billion cubic meters. m, in the D2 category – 12 billion cubic meters. The oil reserves of the Olekminsky area in the D2 category are 12.3 million tons, the gas reserves in the D2 category are 39.7 billion cubic meters.