PJSC LukOil LUKOIL and Gazprom Neft Sign Binding Agreement (8194W)
29 Diciembre 2021 - 12:59AM
UK Regulatory
TIDMLKOD
RNS Number : 8194W
PJSC LukOil
28 December 2021
LUKOIL AND GAZPROM NEFT SIGN BINDING AGREEMENT AS PART OF JOINT
VENTURE CREATION
PJSC LUKOIL and PJSC Gazprom Neft concluded sale and purchase
agreement for 50% equity share of Meretoyakhaneftegaz LLC, a
Gazprom Neft wholly owned subsidiary. The contract was signed as
part of creating a joint venture to develop a large oil and gas
cluster in the Nadym-Pur-Tazovsky area of the Yamal-Nenets
Autonomous District.
The transaction value amounts to RUB 52 bln, including cession
of claim of Gazprom Neft's loans worth RUB 35 bln. The companies
also agreed up on the programme of additional exploration of the
blocks of
Meretoyakhaneftegaz LLC where RUB 8.9 bln of expenditures will be financed by LUKOIL.
The transaction is planned to be completed in 2022 after
fulfilment of a number of conditions precedent, including all
necessary corporate approvals, as well as the consent of the
Federal Antimonopoly Service.
For reference:
In September 2021, PJSC LUKOIL and PJSC Gazprom Neft concluded
an agreement on creating a joint venture based on
Meretoyakhaneftegaz LLC. The Tazovskoye oil and gas condensate
field, which was put on-stream in June 2021, will be at heart of
the new production area.
The venture is also to develop the Severo-Samburgskoye and
Meretoyakhinskoye fields, as well as two Zapadno-Yubileiny license
blocks.
The cluster's total reserves initially in place stand at over a
billion tonnes of oil and about 500 bcm of gas.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
AGRKZMZZZRMGMZM
(END) Dow Jones Newswires
December 29, 2021 01:59 ET (06:59 GMT)
Pjsc Lukoil (LSE:LKOH)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Pjsc Lukoil (LSE:LKOH)
Gráfica de Acción Histórica
De May 2023 a May 2024