LUKOIL Wednesday, December 22, 2021
<_a103a_updated style="display: none"> { 12/22/2021 5:42:53 PM }President of PJSC LUKOIL Vagit Alekperov and Chairman of the Management Committee of PJSC Gazprom Alexey Miller had a business meeting today in Saint Petersburg. The parties discussed relevant cooperation issues. Among other things, they touched upon current situation and development prospects for Vaneyvisskoye and Layavozhskoye fields in the Nenets Autonomous District.
In 2021, the parties created a joint venture to carry out the project - Layavozhneftegaz LLC(LVNG LLC). Gazprom has transferred to LVNG LLC its subsoil use license for the area that includes the Vaneyvisskoye and Layavozhskoye fields.
Next, LVNG LLC will design fields' development and construction of infrastructure facilities. This process will employ results of the 3D seismic exploitation that was completed in 2021.
The Vaneyvisskoye and Layavozhskoye fields are situated in the Nenets Autonomous District, eastward of the city of Naryan-Mar. The fields have cumulative recoverable resources of 27.4 million tonnes of liquid hydrocarbons and 225.3 billion cubic metres of natural gas.
In 2020, Gazprom and LUKOIL signed a Master Agreement on the Terms of the Development of Vaneyvisskoye and Layavozhskoye fields. The document determined the course for creating a joint venture on a parity basis.
In 2021, the companies created LVNG LLC, the joint venture of their subsidiaries: LUKOIL-Komi LLC and Gazprom Dobycha Krasnodar LLC.
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President of LUKOIL Vagit Alekperov and Governor of the Nenets Autonomous District Yuri Bezdudny signed an additional Cooperation Agreement that provides for social development of the region. The meeting took place today at the St. Petersburg International Economic Forum.
LUKOIL and Gazprom signed the Master Agreement on the Terms of the Development of Vaneyvisskoye and Layavozhskoye fields, located in the Nenets region, Russia. The document elaborates on the necessary arrangements to commence hydrocarbon production at the fields.
LUKOIL completed post-accident damage control on the Kolva River after the oil-containing fluids leak from a non-functioning pipeline at the Kharyaginskoye field.
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OAO Lukoil published this content on 22 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 December 2021 14:46:02 UTC.
