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  • Gazprom Neft and Spain’s Repsol sign Memorandum on developing cooperation in Russia
    édité le 10/07/2017 - Plus de news de "Gazprom Neft" - Voir la fiche entreprise de "Gazprom Neft"

Gazprom Neft and Spain’s Repsol sign Memorandum on developing cooperation in Russia
Gazprom Neft has signed a Memorandum of Understanding with Spain’s Repsol. The Memorandum outlines areas for evolving collaboration through a joint enterprise to develop hydrocarbon resources in the Khanty-Mansiysk Autonomous Okrug-Yugra. The document was signed by Gazprom Neft CEO Alexander Dyukov and Repsol CEO Josu Jon Imaz.

The Memorandum confirms both parties’ interest in the further development of Evrotek-Yugra (a joint enterprise between Gazprom Neft and Repsol), and formalises both companies’ mutual interest in investigating, purchasing and developing licence blocks in the Khanty-Mansiysk Autonomous Okrug, neighbouring assets owned by Evrotek-Yugra.

Gazprom Neft acquired a 25.02-percent interest in Evrotek-Yugra (which owns seven subsoil development licences in the Khanty-Mansiysk Autonomous Okrug) from Repsol, with the right to increase its holding to 50 percent. Both parties will be managing the joint enterprise on a parity basis.

Gazprom Neft CEO Alexander Dyukov commented:

“We are delighted to be developing our partnership with Repsol. The signing of this Memorandum is testament to the high value, and long-term nature, of our collaboration. With the latest technological capabilities at their disposal, both companies are well-placed to efficiently develop this joint project in the Khanty-Mansiysk Autonomous Okrug. I have no doubt that through the Evrotek-Yugra project, Gazprom Neft and Repsol will gain experience and expertise that will be essential to supporting our long-term growth.”

About Evrotek-Yugra project

Evrotek-Yugra holds exploration and production licences for the Karabashsky 1 and Karabashsky 2 blocks, as well as licenses for geological study at the Karabashsky 3, Karabashsky 9, Karabashsky 78, Karabashsky 79 and Kileysky blocks. Seismic investigations have been undertaken at all licence blocks belonging to Evrotek-Yugra, with nine exploration wells having been drilled between 2013 and 2016. The Ouryinskoye field — with recoverable (C1+C2) reserves of 33.8 million tonnes of oil — was discovered at the Karabashsky 1 and Karabashsky 2 fields in 2013. The ultimate investment decision on the development of the Ouryinskoye field is expected to be taken at the end of 2019, following completion of the geological study programme.

About Gazprom Neft

Gazprom Neft is a vertically integrated oil company primarily engaged in oil & gas exploration and production (E&P), the sale and distribution of crude oil, and the production and sale of petroleum products.

The company’s proven SPE (PRMS) hydrocarbon reserves exceed 1.2 billion tonnes of oil equivalent (toe), placing it among the world’s 20 largest oil companies.

The company operates in many of Russia’s prominent oil and gas regions including Khanty-Mansiysk (Yugra), Omsk, Orenburg, Tomsk, and Yamalo-Nenets. Gazprom Neft’s major refining facilities are located in Moscow, Omsk, and Yaroslavl, and it also has refineries in Serbia. Apart from its upstream activities in Russia, the company is involved in international E&P, including projects in Iraq and Venezuela.

About Repsol

Repsol is an integrated global energy company with vast sector experience. It carries out Upstream and Downstream activities throughout the entire world.

Origine : Communiqué Gazprom Neft

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