UCP Private Equity Exits Yamal Nenets Exploration Co.’s To Partner Novatek
Novatek, Russia’s largest independent gas producer and the second-largest natural gas producer in Russia, has acquired an additional 26% equity stake in OOO Oiltechprodukt-Invest, OOO Petra Invest-M and OOO Tailiksneftegas from United Capital Partners Oil and Gas Private Equity Fund, L.P.
The acquisition increases Novatek’s participation interest in these companies to 51%.
The acquired entities hold exploration licenses in five license areas in the rich Yamal Nenets Autonomous Region (Sredniy Chaselskiy, Severo Russkiy, Zapadno-Tazovskiy, Anomalniy and Severo-Yamsoveyskiy).
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