Deal of Total and Zarubezhneft by Khariaga project not to be closed until the end of summer
Edited by Rhod Mackenzie / 2016-02-18 06:03:41
Total expects that the deal with Zarubezhneft on the purchase of a stake in the Khariaga project will be completed not earlier than the end of summer 2016, a representative of Total in Russia, S. Mingareev, said.
Total in the framework of the deal will transfer a 20% stake in the Khariaga deposit to Zarubezhneft on PSA conditions, as well as the functions of operator.
The goal of the Khariaga PSA is the development of objects 2 and 3 of the Khariaga oil deposit on the territory of the Nenets Autonomous Area.
The extraction volume is 1.5 mln tons a year. The accumulated extraction from 1999 made up 15 mln tons at high rates of production safety.
