Gazprom Transfers License for Vaneyvisskoye and Layavozhskoye Fields To its Joint Venture With LUKOIL

A working meeting between  Alexey Miller, Chairman of the Gazprom Management Committee, and Vagit Alekperov, President of LUKOIL, took place today in St. Petersburg.

The parties discussed relevant issues pertaining to their cooperation.

Particular attention was paid to the progress and prospects of development operations at the Vaneyvisskoye and Layavozhskoye fields in the Nenets Autonomous Area.

In order to implement the project, a joint project company – Layavozhneftegaz (LVNG) – was set up in 2021. Gazprom has now transferred to LVNG the subsurface use license for the area that includes Vaneyvisskoye and Layavozhskoye.

During the next stage, LVNG will commence the design works for the development and pre-development of these fields. To that end, the company will use the data obtained through the 3D seismic surveys that were fully completed in 2021.