Eurasia Journal News

NOVATEK: Announces Consolidated IFRS Results for the Third Quarter and the Nine Months 2020

PAO NOVATEK today released its consolidated interim condensed financial statements as of and for the three and nine months ended 30 September 2020 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles except as stated) 3Q 2020 3Q 2019   9M 2020 …

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Eurasia Journal News

NOVATEK-Tarkosaleneftegas Commences Production from the the North-Russkoye and East-Tazovskoye Fields

PAO NOVATEK announced that NOVATEK-Tarkosaleneftegas, a wholly owned subsidiary, commenced pilot production from gas condensate bearing layers of the North-Russkoye and East-Tazovskoye fields with cumulative total annual production capacity of 7.7 billion cubic meters of natural gas and 1 million tons of gas condensate. “Our production growth in the area …

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NOVATEK Wins Auction for the East-Tazovskoye Field

OAO NOVATEK announced today that its subsidiary OOO NOVATEK-Tarkosaleneftegas won an auction for exploration and production license for the East-Tazovskoye field. Payment for the license was set at RR 3.19 billion. The East-Tazovskoye field is located in the Yamal-Nenets Autonomous Region in close proximity to the North-Russkoye field, the license …

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