Eurasia Journal News

NOVATEK Enhances Methane Leak Detection System

PAO NOVATEK announced today that the Company’s subsidiary NOVATEK-Yurkharovneftegas has launched a project for methane leak monitoring with the use of unmanned aerial vehicles (“UAVs”). The initiative forms part of the Comprehensive Environmental and Climate Change Targets Program as well as development of a multi-level leak detection system. Using UAVs …

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Eurasia Journal News

NOVATEK Obtains the South-Yamburgskiy License Area

PAO NOVATEK announced today that NOVATEK-Yurkharovneftegas, a wholly owned subsidiary, won the auction for geological survey, exploration and production license for the South-Yamburgskiy subsoil area located in the Nadym District of the Yamal-Nenets Autonomous Region in close proximity to the North-Urengoyskoye field of NOVATEK’s joint venture Nortgas. The license area …

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Eurasia Journal News

NOVATEK Obtains the East-Ladertoyskiy License Area

PAO NOVATEK announced today that NOVATEK-Yurkharovneftegas, a wholly owned subsidiary, won the auction for geological survey, exploration and production license for the East-Ladertoyskiy subsoil area located on the Gydan Peninsula in the Yamal-Nenets Autonomous Region. The license area has estimated hydrocarbon resources of 184 billion cubic meters of natural gas …

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Eurasia Journal News

NOVATEK Obtains New Licenses on the Krasnoyarsk Territory

PAO NOVATEK announced obtaining five new licenses on the Krasnoyarsk Territory located in close proximity to the Company’s existing licenses located on the Gydan Peninsula. OOO NOVATEK-Yurkharovneftegas obtained the right for geological survey licenses for the Khalmeryahskiy, Dorofeevskiy and West-Dorofeevskiy subsoil areas, while OOO NOVATEK-Tarkosaleneftegas obtained the right for geological …

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Eurasia Journal News

NOVATEK Discovers Nyakhartinskoye Field

PAO NOVATEK announced that its wholly owned subsidiary OOO NOVATEK-Yurkharovneftegas, upon testing of the exploration well PO-1 achieved commercial flows of natural gas from the Lower Cretaceous sediments at the Nyakhartinskiy license area with a gas condensate mixture well flow rate of more than 300 thousand cubic meters per day. …

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Eurasia Journal News

Novatek: Wins Shtormovoye and Verhnetiuteyskoye License Areas Improving LNG Project Potential

PAO Novatek 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 …

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Eurasia Journal News

NOVATEK-Yurkharovneftegas: Wins Syadorskiy Subsoil Auction

OAO NOVATEK (NOVATEK) announces that its subsidiary OOO NOVATEK-Yurkharovneftegas won the bid for a geological survey, exploration and hydrocarbons production license for the Syadorskiy subsoil area for a term of 25 years. The auction resulted in a one-time payment for the subsoil use in the amount of 404 million rubles. The …

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Eurasia Journal News

NOVATEK Obtains New License Areas on the Gydan Peninsula

OAO NOVATEK announced today that its subsidiary OOO NOVATEK-Yurkharovneftegas obtained the right to explore and appraise licenses for the West-Solpatinskiy, North-Tanamskiy and Nyavuyahskiy license areas located in the Yamal-Nenets Autonomous Region in the central part of the Gydan peninsula. The license duration is seven years. As of 1 January 2016, …

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Eurasia Journal News

NOVATEK-Yurkharovneftegas: Wins Nyakhartinskiy License Auction

OAO NOVATEK announced today that its subsidiary OOO NOVATEK-Yurkharovneftegas won an auction for the exploration and production license for the Nyakhartinskiy license area. The license duration is 27 years and the payment for the license was set at RR 1,057 million. The Nyakhartinskiy license aria is located in the Yamal-Nenets …

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