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    NVTK   US6698881090

NOVATEK

(NVTK)
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Novatek, Gazprom Form JV for Exploration in East Siberian Sea

06/04/2021 | 04:16am EDT

By Joe Hoppe

Novatek said Friday that it has formed a joint venture with Gazprom Neft to conduct exploration work on the North-Vrangelevskiy License Area, in the eastern part of the East Siberian Sea.

The Russian energy company said the agreement builds on a prior arrangement signed by both parties in June 2019 for joint Arctic development. The parties plan to conduct exploration work on a parity basis on the license, which is located in the eastern part of the East Siberian Sea and the western part of the Chukchi Sea.

"We have a solid background for efficient operations on this new prospective project: successful track record of joint projects implementation with Gazprom Neft, our experience in navigating the Northern Sea Route as well as the measures taken by the Government of the Russian Federation to ensure year-round navigation along the NSR," Novatek Chairman Leonid Mikhelson said.

Shares in Novatek at 0751 GMT were up two rubles (2.74 U.S. cents), or 0.1%, at RUB1,553.0, while shares in Gazprom Neft were down RUB0.6, or 0.2%, at RUB406.05.

Write to Joe Hoppe at joseph.hoppe@wsj.com

(END) Dow Jones Newswires

06-04-21 0415ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.54% 35115.15 Delayed Quote.14.55%
NOVATEK 3.27% 223.7 Delayed Quote.32.68%
PUBLIC JOINT STOCK COMPANY GAZPROM 1.62% 282.6 End-of-day quote.32.87%
PUBLIC JOINT STOCK COMPANY GAZPROM NEFT 0.83% 426.2 End-of-day quote.34.47%
WTI 1.60% 73.548 Delayed Quote.49.35%
All news about NOVATEK
10:59aNOVATEK JOINT STOCK : Second Quarter 2021 Operational and Financial Results (inc..
PU
07/28NOVATEK : H1 Profit, Revenue Jump On Increased Economic Activity
MT
07/28Novatek 2Q Profit, Revenue Rose
DJ
07/28NOVATEK JOINT STOCK : Announces Consolidated IFRS Results for the Second Quarter..
PU
07/15NOVATEK : Board Forms Subcommittee to Tackle Climate, Alternative Energy
MT
07/15NOVATEK : to Establish New LNG-Focused Unit
MT
07/15PAO NOVATEK : NOVATEK Creates a Subsidiary to Develop Domestic LNG Fuel Market
PU
07/15NVTK Creates a Subsidiary to Develop Domestic LNG
CI
07/15PAO NOVATEK : NOVATEK's Board of Directors Established a Subcommittee on Climate..
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07/15PAO NOVATEK Establishes a Subcommittee
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More news
Financials (USD)
Sales 2021 13 322 M - -
Net income 2021 4 599 M - -
Net Debt 2021 1 825 M - -
P/E ratio 2021 14,6x
Yield 2021 1,83%
Capitalization 65 100 M 65 100 M -
EV / Sales 2021 5,02x
EV / Sales 2022 4,79x
Nbr of Employees -
Free-Float 61,8%
Chart NOVATEK
Duration : Period :
Novatek Technical Analysis Chart | NVTK | US6698881090 | MarketScreener
Technical analysis trends NOVATEK
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Last Close Price 216,80 $
Average target price 217,43 $
Spread / Average Target 0,29%
EPS Revisions
Managers and Directors
Leonid Viktorovich Mikhelson Chairman-Management Board & Executive Director
Mark Anthony Gyetvay CFO & Deputy Chairman-Management Board
Alexander Yegorovich Natalenko Chairman
Sergey Vladimirovich Vasyunin Director-Operations & Deputy Chairman
Viktor Petrovich Orlov Independent Director
Sector and Competitors
1st jan.Capi. (M$)
NOVATEK32.68%65 100
SAUDI ARABIAN OIL COMPANY-0.43%1 859 995
ROYAL DUTCH SHELL PLC14.36%151 430
PETROCHINA COMPANY LIMITED35.83%124 920
TOTALENERGIES SE3.99%114 432
PUBLIC JOINT STOCK COMPANY GAZPROM32.87%90 630