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.
Native name | Арктикгаз |
|---|---|
| Company type | Public (PAO) |
| Industry | oil and gas |
| Founded | August 1992 |
| Headquarters | , Russia |
| Products | natural gas crude oil |
| Owner | Gazprom Neft Novatek |
| Subsidiaries | Urengoil Neftegaztekhnologiya |
| Website | www |
History
editArktikgaz, 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]
Operations
editSeverEnergia 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
edit51% 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
edit- ^ Stephen Jewkes (2007-04-04). "Eni offers Gazprom option on Gazprom Neft 20 pct stake for 3.7 bln usd". Forbes. Archived from the original on March 11, 2008. Retrieved 2009-10-11.
- ^ "NOVATEK, Gazprom Neft JV acquires 51% of Sever Energia for $1.8 bln". Interfax. 2010-11-30. Archived from the original on 2010-11-30. Retrieved 2011-02-19.
- ^ "Gazprom Neft to pay $1.5bn for SeverEnergia stake". Upstream Online. NHST Media Group. 2010-11-03. Retrieved 2010-11-18.
- ^ a b Hille, Kathrin (20 November 2013). "Russian groups buy Eni'indirect s stake in Severenergia". Financial Times. Retrieved 12 October 2018.
- ^ "Rosneft and NOVATEK Agree Assets Swap" (Press release). Rosneft. 2010-12-23. Retrieved 2018-12-23.
- ^ ""Новатэк" и "Газпром нефть" довели доли в "Арктикгазе" до паритетного владения" [Novatek and Gazprom Neft brought shares in Arcticgas to parity ownership]. Rambler. 2018-04-25. Retrieved 2018-12-23.
- ^ "АО "Арктикгаз"". www.rusprofile.ru (in Russian). Retrieved 2023-12-26.
- ^ a b c "Gazprom to sign contract on gas purchase from SeverEnergia" (Press release). Gazprom. 2011-02-17. Retrieved 2011-02-19.
- ^ Atkin, Melissa (2011-02-17). "Gazprom, ENI to sign deal for Severenergia gas". Reuters. Retrieved 2011-02-19.[dead link]
- ^ "Gazprom completes acquisition of 51% of SeverEnergia" (PDF) (Press release). Enel. 2009-09-23. Archived from the original (PDF) on 2011-07-22. Retrieved 2009-10-11.