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Russia’s Gazprom and LUKOIL mull JV for growing fields in Nenets space

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Russian gasoline monopoly Gazprom CEO Alexey Miller and LUKOIL President Vagit Alekperov mentioned present points associated to cooperation on January 22 in St Petersburg, specializing in the mission for the event of the Vaneyvisskoye and Layavozhskoye fields. Specifically, the events reviewed the continued efforts to create a three way partnership for the mission, Gazprom stated.
The Vaneyvisskoye and Layavozhskoye fields, that are positioned to the east of Naryan-Mar within the Nenets Autonomous Area, have the combination recoverable reserves of 27.four million tons of liquid hydrocarbons and 225.three billion cubic meters of pure gasoline. The subsurface use license for the realm of federal significance that features these fields is held by Gazprom.
Gazprom and LUKOIL are certain by the 2014–2024 General Agreement on Strategic Partnership, pursuant to which, amongst different issues, LUKOIL provides gasoline into Gazprom’s gasoline transmission system.
In 2020, Gazprom and LUKOIL signed the Master Agreement on the phrases of the event of the Vaneyvisskoye and Layavozhskoye fields. Among different issues, the doc units out the process for making a three way partnership to execute the mission. The enterprise shall be established by the subsidiaries of Gazprom and LUKOIL: Gazprom Dobycha Krasnodar and LUKOIL-Komi. The mission firm will obtain the license for the fields.

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