SeverEnergia

SeverEnergia
private
Industry oil and gas
Founded 2007
Headquarters Novy Urengoy, Russia
Key people
 Vladimir A. Svaykin (Director General)
Products natural gas
Owner Gazprom Neft
Novatek
Eni
Enel
Subsidiaries Arktikgaz
Urengoil
Neftegaztekhnologiya

SeverEnergia 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, and it is affiliated with Gazprom, Novatek, and Eni. The headquarters of the company are located in Novy Urengoy, Tyumen Oblast.

History

The main subsidiary of SeverEnergia is Arktikgaz (formerly known as Severneftegaz; not to be confused with Sevmorneftegaz and Severneftegazprom) together with Urengoil and Neftegaztekhnologiya.[1] Severneftegaz 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.[2] Later Enineftegaz was renamed SeverEnergia. On 23 September 2009, 51% of SeverEnergia was acquired by Gazprom for US$1.5 billion.[3] 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.[1][4]

Operations

SeverEnergia produces the natural gas, condensate, and oil in the Samburg, Yevo-Yakha, Yaro-Yakha, and Severo-Chaselsky licences within and adjacent to the Urengoy gas field.[5] Produced natural gas is purchased by Gazprom.[5][6]

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%).[7][5]

References

  1. 1 2 "NOVATEK, Gazprom Neft JV acquires 51% of Sever Energia for $1.8 bln". Interfax. 2010-11-30. Retrieved 2011-02-19.
  2. ↑ Stephen Jewkes (2007-04-04). "Eni offers Gazprom option on Gazprom Neft 20 pct stake for 3.7 bln usd". Forbes. Retrieved 2009-10-11.
  3. ↑ "Gazprom buys controlling stake in SeverEnergia for $1.6 bln". RIA Novosti. 2009-09-23. Retrieved 2009-10-11.
  4. ↑ "Gazprom Neft to pay $1.5bn for SeverEnergia stake". Upstream Online. NHST Media Group. 2010-11-03. Retrieved 2010-11-18.
  5. 1 2 3 "Gazprom to sign contract on gas purchase from SeverEnergia" (Press release). Gazprom. 2011-02-17. Retrieved 2011-02-19.
  6. ↑ Atkin, Melissa (2011-02-17). "Gazprom, ENI to sign deal for Severenergia gas". Reuters. Retrieved 2011-02-19.
  7. ↑ "Gazprom completes acquisition of 51% of SeverEnergia" (PDF) (Press release). Enel. 2009-09-23. Retrieved 2009-10-11.
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