The North-Gydanskiy license area has estimated hydrocarbon resources of 9.8 billion boe according to the Russian resource classification system. The license term is 30 years and the auction resulted in one-time payment for the subsoil use of RR 775.4 million.
The new license area borders NOVATEK’s existing assets on the Gydan Peninsula and expands the Company’s resource base for implementing new LNG projects.
