Novatek acquires Chernichnoye field

12/11/2017

MOSCOW -- PAO Novatek has announced that an agreement was concluded to acquire OOO Chernichnoye from Oil Company “Mangazeya” JSC. The transaction is expected to close in early 2018.

OOO Chernichnoye holds the hydrocarbon exploration and production license for Chernichnoye field, located in close proximity to Novatek’s infrastructure. The license contains estimated hydrocarbon resources of 179 MMboe, according to the Russian resource classification as of Dec. 31, 2016.

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