Source - SMW
OAO Novatek subsidiary OOO Novatek-Yurkharovneftegas won the bid for a geological survey, exploration and hydrocarbons production license for the Syadorskiy subsoil area for a term of 25 years. 

The auction resulted in a one-time payment for the subsoil use in the amount of 404 million rubles.

The Syadorskiy license area expands Company's resource base in the northern part of the Yamal Peninsula. As of January 1, 2016, the license area held 24.6 bcm of Russian C1 natural gas reserves, and recoverable resources in the amount of 62.7 bcm of gas and 18.6 mmt of liquid hydrocarbons.