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Background

Kynsko-Chaselskoe Neftegaz LLC is the operator of 18 license areas, located in the North-East and South-East of the YNAO. The Company is conducting exploration work at Rosneft's license areas on the territory of the Gydan and Taz Peninsulas. In the Southeastern YNAO the Company manages nine subsoil blocks. The largest in terms of resource potential is the Kynsko-Chaselsky license block, which includes 6 oil and gas condensate fields.

The Company also manages oil projects. In 2019, the Company started production development at the Russko-Rechenskoye field, oil production started in 2021. Design documentation is being prepared to launch the production of oil deposits of the Novo-Chaselskoye field.