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Novatek gets new Russian licences

May 27, 2019
1 min read
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Russia’s Novatek announced that it had obtained five new licenses on the Krasnoyarsk Territory located close to its existing blocks on the Gydan Peninsula in Russia.

Novatek said in a statement that it had obtained the right for geological survey licenses for the five areas including Khalmeryahskiy, South-Khalmeryahskiy, Dorofeevskiy and West/South Dorofeevskiy subsoil areas.

The acquisition of the five new licenses is in line with Novatek’s strategy to expand its resource base on the Yamal and Gydan peninsulas and increase natural gas and liquid hydrocarbon production.

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