The parties discussed current issues of cooperation between the 2 companies.
Special attention was given to the project of developing the Vaneyvisskoye and Layavozhskoye fields and, in particular, to the progress in creating a joint venture to implement the project.
LUKOIL and Gazprom concluded the general agreement on Strategic Cooperation for the term of 2014-2024, which, among other things, provides for gas supplies from LUKOIL to Gazprom’s gas transportation system.
The Vaneyvisskoye and Layavozhskoye fields are located to the east of Naryan-Mar in the Nenets Autonomous District.
Total recoverable reserves of the 2 fields stand at:
- 27.4 million tons of liquid hydrocarbons
- 225.3 billion m3 of natural gas
- Gazprom holds a license for the subsoil area of federal importance which includes the fields
It will be established by subsidiaries of LUKOIL and Gazprom: LUKOIL-Komi and Gazprom Dobycha Krasnodar.
The license for the fields will be transferred to the joint venture.