Gazprom and LUKOIL set to jointly develop two fields in Nenets Autonomous Area

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Alexey Miller, Chairman of the Gazprom Management Committee, and Vagit Alekperov, President of LUKOIL, today signed at the St. Petersburg International Economic Forum 2018 an Agreement stating the intention of the parties to jointly develop the Vaneyvisskoye and Layavozhskoye fields in the Nenets Autonomous Area.

The document outlines the general terms and procedure for setting up a joint venture on a parity basis to carry out the project.

Background

Gazprom holds a subsurface use license for an area of federal significance that includes the Vaneyvisskoye and Layavozhskoye fields located to the east of Naryan-Mar in the Nenets Autonomous Area.

Gazprom and LUKOIL are bound by the 2014–2024 General Agreement on Strategic Partnership.

 



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