(formerly known as Severneftegaz
; not to be confused with Sevmorneftegaz
) is a Russian
oil and gas company, which operates in the Yamalo-Nenets Autonomous Okrug
. It produces the natural gas, condensate, and oil in the Samburg and Evo-Yakha license blocks within and adjacent to the Urengoy gas field
. The headquarter of the company is located in Novy Urengoy
, Tyumen Oblast
Severneftegaz was one of the first independent oil and gas companies in Russia. In 11 August 1998
, an American-based Benton Oil and Gas Company acquired 40% equity in Severneftegaz and increased its stake afterward up to 68%. Other shareholders of this time were Gazprom
, Urengoyneftegazgeologiya and Logovaz.
In 2002, in a series of transactions, 100% of Arcticgas shares were acquired by YUKOS. On 4 April 2007, the shares were acquired by EniNeftgaz, a joint subsidiary of Italian companies Eni and Enel, with Gazprom’s option to acquire a 51% stake.