NOVATEK obtains the North-Gydanskiy license area
Published by Lydia Woellwarth,
Editor
LNG Industry,
NOVATEK has announced that Arctic LNG 1, a wholly owned subsidiary, won the auction for geological survey, exploration and production license for the North-Gydanskiy subsoil license area located in the Yamal-Nenets Autonomous Region on the Gydan Peninsula and partly in the shallow waters of Gydan Bay of the Kara Sea.
The North-Gydanskiy license area has estimated hydrocarbon resources of 9.8 billion boe according to the Russian resource classification system. The license term is 30 years and the auction resulted in one-time payment for the subsoil use of RR 775.4 million.
The new license area borders NOVATEK’s existing assets on the Gydan Peninsula and expands the Company’s resource base for implementing new LNG projects.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/25032021/novatek-obtains-the-north-gydanskiy-license-area/
You might also like
Marine Department launches Green Maritime Fuel Bunkering Incentive Scheme
The Marine Department has announced the launch of the Green Maritime Fuel Bunkering Incentive Scheme to facilitate the development of Hong Kong into a high-quality green maritime fuel bunkering centre.