RusEnergy

06/05/2005 (10:23) The Moscow Times - Sibneft, the country's fifth-biggest oil producer, will pay about $31 million for two oil and gas deposits in Russia as it plans to explore for reserves in eastern Siberia. The company will explore the Srednetaimurinsky deposit in the Krasnoyarsk region, which may hold 1.2 billion barrels of oil resources and 430 billion cubic meters of gas, the company said Thursday in a statement. It will also develop the Zimny field, with about 114 million barrels of crude.