Novatek to acquire Chernichnoye gas field

PAO Novatek, Moscow, has agreed to acquire rights to Chernichnoye gas and condensate field under development in Russia’s Tyumen Region from Oil Company Mangazeya JSC, Krasnoselkup, Russia, for undisclosed terms.

The acquisition covers Mangazeya unit OOO Chernichnoye, which holds the hydrocarbon exploration and production license for the field in the Yamalo-Nenets Autonomous District.

Mangazeya expects production from Chernichnoye field to peak by 2020 at 3.7 billion cu m/year of gas and more than 133,000 tonnes/year of condensate.

The field is close to Novatek’s transportation and processing system.