We use cookies on our website. Click [I ACCEPT] if you agree to have them saved in the browser directory for further use. Additional information can be found on [Information on cookies] page.

NOVATEK Obtains New License Areas in Yamal and Gydan

August 25, 2017

Moscow, 25 August, 2017. PAO NOVATEK (“NOVATEK” and/or the “Company”) announces that its subsidiaries OOO Arctic LNG-2 and OOO NOVATEK-Yurkharovneftegas obtained new license areas in the Yamal and Gydan peninsulas, which significantly expands the Company’s resource base for implementing new LNG projects.

OOO Arctic LNG-2 won the bid for a geological survey, exploration and hydrocarbons production license for the subsoil area including the Shtormovoye field. The license area is located on the Gydan peninsula and is partly offshore in the Gydan and Ob bays in the Kara Sea bordering the Company’s Utrennee field and contains estimated hydrocarbon resources of 7,932 mmboe according to the Russian resource classification. The license term is 30 years and the auction resulted in a one-time payment for the subsoil use in the amount of 1,040 million rubles.

OOO NOVATEK-Yurkharovneftegas won the bid for a geological survey, exploration and hydrocarbons production license for the subsoil area including the Verhnetiuteyskoye and the West-Seyakhinskoye fields. The license area is located on the Yamal peninsula in close proximity to the South-Tambeyskoye field, and contains estimated hydrocarbon resources of 8,747 mmboe according to the Russian resource classification. The license term is 27 years and the auction resulted in a one-time payment for the subsoil use in the amount of 6,425 million rubles.

 

 

 

CONTACT FOR MEDIA

Monika Ścianek

Tel. +48 501 410 177