New Achievements in Multilateral Drilling and Completions in Western Siberia, Part 1
CJSC “Investgeoservice” Damir Tuktarov, General Director; CJSC “Investgeoservice” Artur Gulov, Project Manager; JSC “NOVATEK” Evgeny Glebov, Deputy Director, Technology Department of Boreholes Technologies and Supervising; JSC “NOVATEK” Ivan Shokarev, Deputy Head, Technology Department of Downhole Borehole Technologies and Supervising; LLC “NOVATEK-Yurkharovneftegas” Alexander Kurasov, Deputy General Director – Drilling, Head of …
Yamal LNG: 9.9% Stake Sold to China’s Silk Road Fund for 730m Euros
OAO NOVATEK announced today the signing of binding definitive agreements as part of a transaction for selling an equity stake in the Yamal LNG project to China’s Silk Road Fund (“SRF”). In particular, the parties signed a share purchase and sale agreement in relation to a 9.9% equity stake in …
Yamal LNG: 9.9% Stake Sold to China's Silk Road Fund for 730m Euros
OAO NOVATEK announced today the signing of binding definitive agreements as part of a transaction for selling an equity stake in the Yamal LNG project to China’s Silk Road Fund (“SRF”). In particular, the parties signed a share purchase and sale agreement in relation to a 9.9% equity stake in …
LNG Congress Russia 2016: 16th to 18th of March
On 16-18 March, 2016 Moscow will host the 3-rd Annual LNG Congress Russia 2016. Within the framework of the Congress project operators will share key information on the implementation and construction stages of large, medium and small plants producing liquefied natural gas (LNG). Exhibition will also take part during the …
Novatek: Launches Production at the Yarudeyskoye Field
OAO NOVATEK announced the start of commercial production at the major Yarudeyskoye oil field, which is expected to rapidly reach its planned daily production level equivalent to approximately 3.5 million tons of crude oil on an annualized basis. Thirty-six (36) production wells have been drilled and the field’s infrastructure includes …
NOVATEK Announces Consolidated IFRS Results for Third Quarter and Nine Months 2015
OAO NOVATEK (“NOVATEK” or the “Company”) today released its consolidated interim condensed financial statements as of and for the three and nine months ended 30 September 2015 prepared in accordance with International Financial Reporting Standards (“IFRS”). In the third quarter and first nine months 2015, our total revenues increased by …
Novatek: Q 3 Results – Combined Liquids Production Up 53%
OAO NOVATEK reported today preliminary operating data for the third quarter and nine months 2015. In the third quarter 2015, NOVATEK’s marketable production totaled 17.06 billion cubic meters (bcm) of natural gas and 2,346 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in natural gas …
NOVATEK and the Silk Road Fund Conclude Framework Agreement on Acquisition of Stake in Yamal LNG
Today, in the presence of the President of Russian Federation Vladimir Putin and the President of People’s Republic of China Xi Jinping, OAO NOVATEK (“NOVATEK”) and China’s Silk Road Fund (“SRF”) concluded a framework agreement on the acquisition by SRF of a 9.9% equity stake in the Yamal LNG project …
Schlumberger Acquires Novatek
Schlumberger announced today that it has acquired Novatek Inc. and Novatek IP, LLC. (Novatek), U.S.-based companies that specialize in synthetic diamond technology primarily for the oil and gas industry. The existing relationship between Schlumberger and Novatek has delivered industry-leading technologies, such as the Schlumberger StingBlade* conical diamond element bit, and …
NOVATEK Board Of Directors Recommends 1H 2015 Dividend
OAO NOVATEK (“NOVATEK” or the “Company”) announced the results of its Board of Directors (“the Board”) meeting held today. The Board discussed the Company’s results for the first half 2015 and recommended to the Extraordinary General Meeting of Shareholders (“EGM”) convened on 25 September 2015 the size of the interim …