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Arktikgaz
Russian oil and gas company From Wikipedia, the free encyclopedia
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OAO Arktikgaz (Russian: Арктикгаз; formerly known as Severneftegaz; not to be confused with Sevmorneftegaz and Severneftegazprom) is a Russian oil and gas company, which operates in the Yamalo-Nenets region. It was created on the basis of the former assets of Yukos. It is a joint venture of Gazprom Neft and Novatek. The headquarters of the company are located in Novy Urengoy, Tyumen Oblast.
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History
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Arktikgaz, together with Urengoil and Neftegaztekhnologiya was founded as Severneftegaz which was one of the first independent oil and gas companies in Russia. On 11 August 1998, the American-based Benton Oil and Gas Company acquired a 40% share in Severneftegaz and increased its stake afterwards up to 68%. Other shareholders of this time were Gazprom, Urengoyneftegazgeologiya and Logovaz.
In 2002, in a series of transactions, 100% of Arktikgaz shares were acquired by Yukos. On 4 April 2007, shares in Arktikgaz together with other Yukos-owned companies Urengoil and Neftegaztekhnologiya were acquired by EniNeftegaz, a joint venture of Italian companies Eni (60%) and Enel (40%) created to purchase the former Yukos assets.[1] Later Enineftegaz was renamed SeverEnergia. On 23 September 2009, 51% of SeverEnergia was acquired by Gazprom for US$1.5 billion.[citation needed] In November 2010, Gazprom sold is stake in SeverEnergia to Yamal Development LLC (Russian: Yamal razvitiye), an equally owned joint venture of Gazprom Neft and Novatek.[2][3]
In September 2013, Enel sold its 19.6% stake (owned through a joint venture with Eni, Artic Russia B.V.) to Rosneft for $1.8 billion.[4] In November 2013 Gazprom Neft bought Eni's stake in SeverEnergia for $2.94 billion.[4] Later that year Novatek acquired the Rosneft's stake as a result of the assets swap.[5] In 2018, Gazprom Neft and Novatek merged SeverEnergia and Yamal Development into Artikgaz and equalized their shares in the company.[6] In 2022, the company's revenue amounted to 290 billion rubles.[7]
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Operations
SeverEnergia produces the natural gas, and condensate oil in the Samburg, Yevo-Yakha, Yaro-Yakha, and Severo-Chaselsky licences within and adjacent to the Urengoy gas field.[8] Produced natural gas is purchased by Gazprom.[8][9]
Ownership
51% of shares in SeverEnergia is owned by Yamal Development LLC, a joint venture of Gazprom Neft and Novatek, while 49% is owned by Arctic Russia B.V., a joint venture of Eni (60%) and Enel (40%).[10][8]
References
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