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NOVATEK & Gazprom Neft Sign Agreement Of Joint Arctic Development

Gasoil News - Published on Mon, 10 Jun 2019

Image Source: LNG Industry
Saint-Petersburg International Economic Forum, PAO NOVATEK and PAO Gazprom Neft signed an Agreement of Intent on Arctic Projects. The document provides for establishing a JV to explore and develop Arctic hydrocarbon fields.

Mr Leonid Mikhelson, NOVATEK’s Chairman of the Management Board, said that “Gazprom Neft has been our reliable partner for many years. Together, we successfully launched our joint venture Arcticgas, which offered unique challenges in developing deeper producing horizons. Our experience of working together creates a solid base for expanding our mutually beneficial cooperation in the Arctic zone.”

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Posted By : Rabi Wangkhem on Mon, 10 Jun 2019
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