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Gazprom neft' OAO Approves Purchase Of Novoportovskoye Field From Gazprom OAO-Interfax

Tuesday, 11 Dec 2012 11:27pm EST 

Interfax reported that the board of directors of Gazprom neft' OAO (Gazprom Neft ) has agreed for the purchase 90% of LLC GPN Novy Port, which owns the license for the Novoportovskoye field, from Gazprom OAO for RUB 6.3 billion. Novoportovskoye is one of the sections that Gazprom OAO is supposed to transfer to Gazprom Neft. Gazprom Neft is currently the operator of the Novoportovskoye project, which features over 230 million tons of C1 and C2 oil reserves and more than 270 billion cubic meters (bcm) of C1 and C2 gas reserves. Gazprom Neft has already started producing oil at Novoportovskoye's first production well. By the end of this year, the company expects to determine the transport scheme for oil from the field, particularly taking into account the option of sending tankers via the Northern Sea Route. Gazprom Neft has already purchased the license for the Eastern section of the Orenburgskoye field from Gazprom OAO. Its plans also include securing the Prirazlomnoye and Dolginskoye fields from Gazprom OAO. 

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