NOVATEK has concluded an agreement to acquire Chernichnoye from oil company 'Mangazeya' JSC.Â  The transaction is expected to close in early 2018. Chernichnoye holds the hydrocarbon exploration and production license for the Chernichnoye field located in close proximity to NOVATEKâs infrastructure. The license contains estimated hydrocarbon resources of 179 million barrels of oil equivalent according to the Russian resource classification as of 31 December 2016. According to NOVATEKâs Chairman of the Management Board, Leonid Mikhelson: 'We concluded an agreement to acquire another field which will contribute to the Companyâs resource base and future production connected to the Unified Gas Supply System. Our strategy is focused on acquiring new producing fields to load our processing capacities for a longer time period as well as fully utilize our existing transport infrastructure. This will provide additional economic value and growth of the Companyâs financial and operational metrics'. Original article link Source: NOVATEK 
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