December 19, 2017 / 12:37 PM / a year ago

BRIEF-Russia's Novatek says its JV won rights for hydrocarbon Osenniy deposit

Dec 19 (Reuters) - Russia’s Novatek says:

* Its joint venture Arcticgas won the bid for a geological survey, exploration and production license for the Osenniy subsoil area located in the Yamal-Nenets Autonomous Region (YNAO);

* The license area contains estimated hydrocarbon resources of 4.411 billion barrels of oil equivalent according to the Russian resource classification;

* The license term is 25 years and the auction resulted in a one-time payment for the subsoil use in the amount of 1.4 billion roubles;

* It considers this new license acquisition to complement its significant long-term projects to increase deeper-layer hydrocarbon production Source text for Eikon: Further company coverage: (Reporting By Moscow Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below