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    Novatek secures new Russian gas licence

Summary

The block is situated near the Novatek-operated Yarudeyskoye field.

by: NGW

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Novatek secures new Russian gas licence

Russia's Novatek has won an auction for exploration rights to the North-Yarudeyskiy block in Russia's northern Yamalo-Nenets region, containing an estimated 93.5mn barrels of oil equivalent, the company said on June 16.

The block is situated near the Novatek-operated Yarudeyskoye field. Novatek's licence will run for 27 years.