OAO Arktikgaz (russian: Арктикгаз; formerly known as ''Severneftegaz''; not to be confused with ''Sevmorneftegaz'' and ''Severneftegazprom'') 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 OJSC "Yukos Oil Company" (russian: ОАО Нефтяна́я Компа́ния Ю́КОС, links=no, ) was an oil and gas company based in Moscow, Russia. Yukos was acquired from the Russian government by Russian oligarch Mikhail Khodorkov ...

. It is a joint venture of

Gazprom Neft Gazprom Neft (russian: Газпром Нефть; formerly Sibneft, russian: Сибнефть, link=no), is the third largest oil producer in Russia and ranked third according to refining throughput. It is a subsidiary of Gazprom, which owns about ...

and

Novatek Novatek (russian: ПАО «НОВАТЭК», , ) is Russia's second-largest natural gas producer (behind Gazprom), and the seventh-largest publicly traded company globally by natural gas production volume. The company was originally known as OAO F ...

. The headquarters of the company are located in

Novy Urengoy Novy Urengoy (russian: Но́вый Уренго́й, lit: “New Urengoy”; Nenets: Едэй Уренгой, ''Edėy Urengoy'') is a city in Yamalo-Nenets Autonomous Okrug, Russia. Population: It is the second largest city in the autonomous ...

Tyumen Oblast Tyumen Oblast (russian: Тюме́нская о́бласть, ''Tyumenskaya oblast'') is a federal subject (an oblast) of Russia. It is geographically located in the Western Siberia region of Siberia, and is administratively part of the Urals ...

History

Arktikgaz, together with Urengoil and Neftegaztekhnologiya was founded as Severneftegaz which 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 Enel S.p.A. is an Italian multinational manufacturer and distributor of electricity and gas. Enel, which originally stood for Ente nazionale per l'energia elettrica (National Electricity Board), was first established as a public body at the ...

(40%) created to purchase the former Yukos assets. Later Enineftegaz was renamed SeverEnergia. On 23 September 2009, 51% of SeverEnergia was acquired by Gazprom for US$1.5 billion. In November 2010, Gazprom sold is stake in SeverEnergia to Yamal Development LLC (russian: Yamal razvitiye), an equally owned joint venture of

and

. In September 2013, Enel sold its 19.6% stake (owned through a joint venture with Eni, Artic Russia B.V.) to Rosneft for $1.8 billion. In November 2013 Gazprom Neft bought Eni's stake in SeverEnergia for $2.94 billion. Later that year Novatek acquired the Rosneft's stake as a result of the assets swap. In 2018, Gazprom Neft and Novatek merged SeverEnergia and Yamal Development into Artikgaz and equalized their shares in the company.

Operations

SeverEnergia produces the natural gas, and condensate oil in the Samburg, Yevo-Yakha, Yaro-Yakha, and Severo-Chaselsky licences within and adjacent to the

Urengoy gas field The Urengoy gas field in the northern West Siberia Basin is the world's second largest natural gas field after South Pars / North Dome Gas-Condensate field. The gas field has over ten trillion cubic meters (1013 m³) in total deposits. It l ...

. Produced natural gas is purchased by Gazprom.

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%).

References

{{Reflist Natural gas companies of Russia Gazprom subsidiaries Eni Yukos Industry in the Arctic