March 22, 2018 / 7:28 AM / 8 months ago

BRIEF-Russia's Novatek obtains Payutskiy license on Gydan

March 22 (Reuters) - Russian gas producer Novatek says:

* Its subsidiary Novatek-Yurkharovneftegas obtains license for the Payutskiy subsoil area on Gydan peninsula

* The Payutskiy license area has estimated hydrocarbon resources of 354 million barrels of oil equivalent

* ‍The license term is 27 years and the auction resulted in a one-time payment for the subsoil use in the amount of 66 million roubles ($1.16 million)​ Source text for Eikon: Further company coverage: ($1 = 56.8325 roubles) (Reporting by Moscow Newsroom)

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