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Total transferred 20% of its participation interest in Kharyaga PSA to Zarubezhneft

August 01, 12:29 UTC+3
Kharyaga PSA is one of three current projects in Russia implemented under production sharing agreement terms
1 pages in this article
© AP Photo/Jacques Brinon

MOSCOW, August 1. /TASS/. France’s Total transferred 20% of its participation interest in Kharyaga oilfield production sharing agreement (PSA) and operator’s functions to Zarubezhneft, the Russian company said on Monday.

Participation interests are as follows from August 1: Zarubezhneft - 20%, Zarubezhneft Dobycha Kharyaga (operator) - 20%. Statoil - 30%, Total - 20%, and Nenets Oil Company - 10%.

Kharyaga PSA is one of three current projects in Russia implemented under production sharing agreement terms. Recoverable reserves of Kharyaga oilfield amount to 49.1 mln tonnes. Production peak of 1.9-2 mln tonnes is scheduled to be reached in 2017-2018.

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