NOVATEK Obtains North-Yarudeyskiy Subsoil License

Source: www.gulfoilandgas.com 6/16/2022, Location: Asia

PAO NOVATEK ("NOVATEK") announced that Yargeo, NOVATEK's joint venture, won the auction for geological survey, exploration and production license for the North-Yarudeyskiy subsoil area. For the first time, the Company won an auction held on the electronic platform "ETP GPB".

The license area is located within the Yamal-Nenets Autonomous Area near Yarudeyskoye field. The North-Yarudeyskiy license area holds an estimated hydrocarbon resource potential of 93.5 million barrels of oil equivalent according to the Russian resource classification system. The license term is 27 years.


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