NOVATEK Acquires Tambeyneftegas

Source: www.gulfoilandgas.com 7/2/2010, Location: Asia

NOVATEK announced that it has acquired a 100% equity stake in OAO Tambeyneftegas, the holder of the exploration and production license to the Malo-Yamalskoye natural gas and gas condensate field. The Company acquired the stake from the following Cypriot companies; SIRITIA VENTURES Ltd., ALDI TRADING Ltd., INNECTO VENTURES Ltd. and ORSEL CONSULTANTS Ltd. for total consideration of ten million US dollars.

The Malo-Yamalskoye reserves, according to the Russian C1+C2 reserve classification, amount to 161 billion cubic meters of natural gas and 14.4 million tons of gas condensate1, or approximately 1.2 billion barrels of oil equivalent. The field is located in the southern portion of the Yamal peninsula, near Kamenny Cape and in the general vicinity of Gazprom’s Bovanenkovo-Ukhta trunk pipeline construction project.

The acquisition is consistent with the Company’s strategy to participate in the development of the Yamal peninsula, as well as increasing its resource base and production capacity of natural gas and liquid hydrocarbons.


India >>  5/10/2021 - Technip Energies (TE) has been awarded a large Engineering, Procurement, Construction and Commissioning (EPCC) contract by Indian Oil Corporation Limi...
Russia >>  4/28/2021 -  PAO NOVATEK (“NOVATEK”) announced that its joint venture OOO Arctic LNG 2 (“Arctic LNG 2”) concluded 20-year LNG Sales and Purchase Agreements (SPAs)...

India >>  4/26/2021 - - EPCC contract awarded by Indian Oil Corporation Limited for the implementation of a new Para-Xylene plant in Paradip, in the state of Odisha, in Eas...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.