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West Medvezhye

West Medvezhye Highlights

  • YaNAO region of Siberian Russia is seeing increasing interest from the international oil majors for its oil bearing potential
  • Recent changes to the Russian oil and gas tax legislation provide substantial benefits to YaNAO-based undeveloped assets
  • 100% ownership of the Block
  • West Medvezhye field mid-term production potential is associated mainly with oil and liquid hydrocarbons
  • The Block is located 44km from the town of Nadym where there is a growing domestic market for oil and condensate
  • Gas resources are believed to represent substantial upside potential, which can be monetized in the mid- to long-term horizon through existing local infrastructure

West Med Reserves