Russia’s Novatek buys oil and gas assets

Russia’s largest independent gas producer and LNG developer, Novatek has bought firms South-Khadyryakhinskoye and Eurotek from AR Oil & Gas B.V., a joint venture of AO Neftegazholding and Spain’s Repsol.

South-Khadyryakhinskoye holds the hydrocarbon exploration and production license for the South-Khadyryakhinskiy license area located close to infrastructure of the North-Khancheyskoye field developed by Novatek’s subsidiary, the Russian independent said in a statement.

The license contains estimated hydrocarbon resources of 228 million barrels of oil equivalent (mmboe).

Eurotek holds the hydrocarbon exploration and production license for the Syskonsynyinskiy license area.

The license contains estimated hydrocarbon resources of 48 mmboe, according to Novatek.

“The acquisition of the new assets will make a contribution to the company’s total production and will increase the resource base in the core area of our operations. We continue to work actively to increase production volumes in the area of the unified gas supply system which is one of Novatek’s strategic priorities,”  said Leonid Mikhelson, chief executive and co-owner of Novatek.

Share this article

Follow LNG World News

Posted on December 6, 2017 with tags .

Events>

<< Jun 2018 >>
MTWTFSS
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

Singapore International Bunkering Conference and Exhibition (SIBCON)

The 20th edition of the Singapore International Bunkering Conference and Exhibition (SIBCON) will be about inspiring change…

read more >

4th Annual Upstream West Africa Summit 2018

In June 2018, Senegal will play host to the No.1 Annual B2B Upstream Oil & Gas event, which will bring together the senior decision makers from across the prolific West Africa region to discuss the trends and challenges currently facing the Oil and Gas industry.

Since the discovery by Tullow Oil in 2007 of the Jubilee Field in Ghana, the Upstream sector has refocused its efforts to explore similar plays around the entire West and North West African coast. These efforts were rewarded with Cairn Energy’s prolific discovery in 2014 followed by Kosmos’ in 2015. The West Africa region has the industry’s spotlight firmly focused on further unlocking the potential of this largely underexplored region.

Companies that will be looking toward further unlocking the deepwater hydrocarbon potential of West Africa include: PETROSEN, BP, Kosmos Energy, Cairn Energy, FAR, Total E&P, Premier Oil, Shell, Tullow Oil along with the Ministries and key solution providers.

 More info

read more >

The 27th World Gas Conference (WGC 2018)

The 27th World Gas Conference (WGC 2018) will be the largest, most timely and most significant global gas conference and exhibition ever held.

read more >

Oil and Gas 2018

The conference will cover a wide range of topics and allow participants to discuss about the new technologies developed in Petroleum…

read more >