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Meretoyakhaneftegaz

Company

Power
Since 2015
Russia



Owners:
Lukoil NK - 50%
Gazprom neft - 50%

Content

Owners

+ Rosneft of the Tax Code

History

2021: Lukoil bought 50% of Meretoyakhaneftegaz

At the end of December 2021, Lukoil and Gazprom Neft entered into a purchase and sale agreement for a 50% stake in the authorized capital of Meretoyakhaneftegaz LLC, a 100% subsidiary of Gazprom Neft PJSC. The agreement was signed as part of the creation of a joint venture to develop a large oil and gas cluster in the Nadym-Pur-Tazovsky region of the Yamalo-Nenets Autonomous Okrug.

According to the agreement, the transaction amount will amount to 52 billion rubles, including the assignment of 50% of the rights to claim loans from PJSC Gazprom Neft in the amount of 35 billion rubles. The companies also agreed on a geological pre-study program for the sites owned by Meretoyakhaneftegaz LLC, whose obligations in the amount of 8.9 billion rubles will be financed by PJSC Lukoil.

Lukoil acquired 50% of Meretoyakhaneftegaz

The deal is planned to be closed in 2022 after the fulfillment of mandatory conditions, including obtaining corporate approvals and approval with the Federal Antimonopoly Service, the press service of Lukoil reports.

Meretoyakhaneftegaz is the first asset that Gazprom Neft and Lukoil will manage on a parity basis. A significant part of the enterprise's geological reserves is located in Achimov sediments and belongs to the category of hard-to-recover reserves (TrIZ). The core of the new production center will be the Tazovskoye field, commissioned in June 2021.

In addition, the perimeter of the joint venture will include the development of the North Samburg and Meretoyakhinskoye field, 2 West Jubilee licensed subsoil areas.

The total geological reserves of the cluster amount to more than 1 billion tons of oil and about 500 billion cubic meters. m of gas. In the future, the annual production level at the Tazovskoye field will reach 1.7 million tons of oil and 8 billion cubic meters of gas. Investments will exceed 150 billion rubles until 2030.[1]

Notes