11 Jan '11
Oil and gas giants Gazprom Neft and TNK-BP intend to invest $15-$18bn in exploration and development of Messoyakhsky oil and gas deposits group in Yamalo-Nenets Autonomous District, news agency RIA Novosti reports.
The companies are reportedly to own the JV on a 50/50 basis. The project is to be operated by Gazprom Neft.
Timeframes for the project have yet to be disclosed.
Messoyakhsky oil and gas deposits are located in Gydansky Peninsula in Tazovsky municipal district.
The reserves at the deposits are estimated at 560 million tons of oil and 230 billion cubic meters of gas.