Russia’s Novatek buys Chernichnoye field

For illustration purposes only (Image courtesy of Novatek)

Russia’s largest independent gas producer and LNG developer, Novatek signed a deal to acquire OOO Chernichnoye from Oil Company “Mangazeya” JSC.

OOO Chernichnoye holds the hydrocarbon exploration and production license for the Chernichnoye field located in close proximity to Novatek’s infrastructure, the company said in a statement.

The license contains estimated hydrocarbon resources of 179 million barrels of oil equivalent.

“We concluded an agreement to acquire another field which will contribute to the company’s resource base and future production connected to the unified gas supply system,” said Leonid Mikhelson, chief executive and co-owner of Novatek.

“Our strategy is focused on acquiring new producing fields to load our processing capacities for a longer time period as well as fully utilize our existing transport infrastructure,” added Mikhelson.

The transaction is expected to close in early 2018.

Share this article

Follow LNG World News

Posted on December 12, 2017 with tags .

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >