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Joint venture to develop oil and gas cluster in the Yamalo-Nenets Autonomous Okrug district
Gazprom Neft and Lukoil are establishing a joint venture to develop a major oil and gas cluster in the Yamalo-Nenets Autonomous Okrug’s Nadym-Pur-Tazovsky district, Russia.
The new production cluster will be centred around the Tazovskoye oil and gas condensate field, brought into production by Gazprom Neft in June this year. The joint venture will also develop the Severo-Samburgskoye and Meretoyakhinskoye fields, as well as two Zapadno-Yubileiny licence blocks. Total reserves initially in place at this new cluster stand at more than 1bn tonnes of oil and around 500bn m3 of gas.