YUZNO-SAKHALINSK, June 26 (RIA Novosti) - Rosneft is planning to invest $4.5 billion in geological prospecting in Russia's Far East until 2010, an official said Monday.
"Investment in prospecting from 2006 until 2010 should total $4.5 billion," said Lev Brodsky, head of Rosneft's projects on the island of Sakhalin, where several energy projects are being pursued.
He added that the investment would cover Sakhalin-III, Sakhalin-IV, Sakhalin-V projects and deposits on the Kamchatka Peninsula.
The state-owned oil company, which will hold an initially public offering in mid-July, will drill 27 prospecting wells at new fields in the Far East by 2010, Brodksy said.
