SeverEnergia is a joint venture of Gazprom Neft and Novatek. SeverEnergia is the 100% owner of Arcticgas which holds licences for the Samburskiy license area which includes the Samburgskoye, Urengoyskoye, East-Urengoyskoye and North-Yesetinskoye fields. Arcticgas also holds licenses for the Yaro-Yakhinskoye, Yevo-Yakhinskoye and North-Chaselskoye license areas. As of 1 January 2014, SeverEnergia’s recoverable reserves, according to Russian classification АВС1+С2, were 14.5 billion barrels of oil equivalent, including 5.5 billion barrels of liquid hydrocarbons.
At the beginning of 2014 Gazprom Neft’s effective ownership of SeverEnergia increased from 25.5% to 40.2%.
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