Khudainatov sets up two new cos for Paiyakha project
MOSCOW. Aug 1 (Interfax) - The owner of Independent Petroleum Company (IPC), Eduard Khudainatov has set up two new companies for the implementation of the Paiyakha project on the Taimyr Peninsula, a spokesman for the company told Interfax.
Both companies - Taimyrneftegaz-Port LLC and Taimyrneftegaz Estate LLC (Krasnoyarsk Territory) - were established on July 30, according to the SPARK-Interfax system. The former was set up for the construction of a terminal and the second for the construction of office buildings and other necessary facilities, the company said.
Andrei Polyakov, who also heads Khudainatov companies such as NGKh-Nedra, Saratovgazdobycha and Sbytovoi Tsentr, has been appointed CEO of both new companies.
A third company, KhNPZ-Razvitiye LLC (Khabarovsk) was also created on the same day to develop plant infrastructure at the Khabarovsk Oil Refinery with capacity of 6 million tonnes. This company is headed by Filipp Karpeko, the CEO of Khabarovskneftegaz and IPC-Khabarovsk Oil Refinery .
All three new companies are wholly owned by Khudainatov (99% of KhNPZ-Razvitiye through IPC Development).
The Paiyakha project, which includes six fields, is now at the stage of exploration and preparation for development, and is seeing an increase in reserves. Paiyakha's 2P oil reserves amounted to 11 million tonnes in 2013 and 19 million tonnes in 2014, according to company materials. At the end of 2016, with 10% exploration maturity, international auditor D&M confirmed 2P reserves at 400 million barrels of oil equivalent, or 49 million tonnes of oil and 2 billion cubic meters of gas.
According to the last audit, Paiyakha's 2P reserves amount to 148 million tonnes.
"The company is conducting geological exploration work, after which it expects to receive new geological data in two to three months that it will report on further," the company told Interfax.