RusEnergy

28.03.2005 14:52 MSK MosNews - Russian oil firm Sibneft said on Monday it had won an auction for two oil fields in the Khanty-Mansiisk region of Western Siberia, with oil reserves of almost 50 million tonnes (365 million barrels), the Reuters news agency reports. Sibneft said in a statement it had paid a total of 543.11 million rubles ($19.61 million) for the rights to blocks 2 and 3 of the Salym field, a price of $0.06 and $0.04 per barrel respectively. Salym-2 has estimated recoverable resources of 25.94 million tons while Salym-3 has 23.42 million tons. Under the auction terms, Sibneft can explore the fields for five years, with an option to continue to the production phase. Sibneft, Russia's No.5 oil producer, said in its 2003 results that it had 2,368 million barrels of proved crude reserves to SEC standards, or 4,623 million barrels to SPE standards.