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The Department of Natural Resources for the Ural region and the government of the Khanty-Mansiysk Autonomous Okrug have extended the license of OJSC “Surgutneftegas” for geological exploration, exploration and mining until the end of 2115, the company said.

Previously, the license was issued to the company on April 18, 2001 for a period until June 27, 2016.

The license allows for geological exploration, including the search and evaluation of mineral deposits, as well as their exploration and production.

Earlier, the head of the company Vladimir Bogdanov told reporters that Surgutneftegas does not plan a significant increase in oil and gas production due to the planned commissioning of new fields, and intends to keep production at the current level.

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