Novatek acquires South-Khadyryakhinskoye and Eurotek

12/6/2017

MOSCOW -- PAO Novatek has announced the acquisition of AO South-Khadyryakhinskoye and AO Eurotek from AR Oil & Gas BV, joint venture of AO Neftegazholding and Repsol SA.

AO South-Khadyryakhinskoye holds the hydrocarbon exploration and production license for the South-Khadyryakhinskiy license area located in close proximity to infrastructure of North-Khancheyskoye field, developed by Novatek’s subsidiary. The license contains estimated hydrocarbon resources of 228 MMboe according to the Russian resource classification as of Dec. 31, 2016.

AO Eurotek holds the hydrocarbon exploration and production license for the Syskonsynyinskiy license area located in the Khanty-Mansiysk Autonomous Region, 120 km to the northwest of the town of Nyagan. The license contains estimated hydrocarbon resources of 48 MMboe according to the Russian resource classification as of Dec. 31, 2016, and produced 799 MMcmg and 6.6 thousand tons of gas condensate during 2016.

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