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Background

Kynsko-Chaselskoe Neftegaz LLC is the operator of 17 license areas with a total resource potential of over 2 billion tons of oil equivalent, located in the North-East and South-East of the YNAO. The Company is conducting exploration work at Rosneft's license areas on the Gydan Peninsula. In the Southeastern YNAO the Company manages nine subsoil blocks with the total resource base exceeding 1 trillion cubic meters of gas and 100 million tons of oil and condensate. The largest in terms of resource potential is the Kynsko-Chaselsky license block, which includes 6 oil and gas condensate fields.

The Company also manages oil projects. In 2019, the Company started production development at the Russko-Rechenskoye field. Design documentation is being prepared for the oil deposits development project of the Novo-Chaselskoye field.