The Cabinet allowed the daughter «NOVATEK» to use two fields on the Yamal Peninsula

© RIA Novosti / Evgeny to Betemporary in fotobanka. Archival photoThe Cabinet allowed the daughter «NOVATEK» to use two fields on the Yamal Peninsula© RIA Novosti / Evgeny to Betemporary the image Bank

The Russian government has provided subsidiaries of NOVATEK’s right of use Verkhnetirsky, West Seyakhinsky and Storm gas fields in the Yamalo-Nenets Autonomous district, the relevant order is posted on the website of the Cabinet.

«The results of the auction the right to use subsoil plots of Federal significance, including Verkhnetulomskoe and West Sechinskie fields located in the Yamal-Nenets Autonomous district, for geological study, exploration and hydrocarbon production under a combined license granted to OOO «NOVATEK-Yurkharovneftegaz», — stated in the government’s possession.

Another order of the Cabinet of Ministers has granted to another subsidiary of «NOVATEK» — «Arctic LNG 2» — the right of use of Storm gas field on the Yamal Peninsula. The document is also available on the government website.

OOO Arctic LNG 2″ granted the right to use subsoil for geological study, exploration and hydrocarbon production under a combined license,» reads the FAQ document.

As reported by the Ministry of environment in late August, the company «NOVATEK-yurharovneftegaz» won the auction for Verkhnetulomskoe and West Sechinskie gas field. A one-time payment for the land at the auction totalled 6.4 billion rubles. «Arctic LNG 2» won the auction for Storm Deposit, the offering price of 1.04 billion.

Resources West Sethiscore and Verkhnetarasovka field reserves by category C1+C2+C3 882,4 billion cubic meters of gas and 68 million tons of condensate and oil. Storm resources field contains C1+C3 479,4 billion cubic meters of gas and 39 million tons of condensate.

 

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