MOSCOW – Rosneft and Lukoil have started preparations to drill an exploration well at the Novoye field in the Sea of Azov as part of their joint venture (JV) Priazovneft.

Russian Prime Minister Dmitry Medvedev signed an order on the transfer of land for farming use in Temryusky District in Krasnodar Territory to land for industrial and other uses for the drilling of a second exploration well at the Novoye field.