NOVATEK Obtains Yeniseyskiy Subsoil License
Moscow, 19 December 2022. PAO NOVATEK (“NOVATEK” and/or the “Company”) announced that the Company's subsidiary NOVATEK-Yurkharovneftegas won the auction for geological survey, exploration and production license for the Yeniseyskiy subsoil area in the Krasnoyarsk Territory.
The Yeniseyskiy license area is located in a new highly prospective oil and gas province with resource growth potential in the Palaeozoic and Jurassic reservoirs. The license area is adjacent to the Company's South-Leskinskiy area. The license term is 27 years.
PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. Upstream activities of the Company’s subsidiaries and joint ventures are concentrated mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 15% of the world’s gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation.