Zarubezhneft” and “ALROSA” signed an Agreement of intent for the joint development of three gas fields in Yamalo-Nenets district.

On January 27, 2012 OJSC “Zarubezhneft” and OJSC “ALROSA” signed an Agreement of intent stipulating the joint development of three gas and gas-condensate fields in the north-western part of Purovsky district, Yamalo-Nenets Autonomous District: Beregovoy, Ust-Yamsoveysky and Urengoysky.

The license-holders are CJSC “Geotransgaz” and LLC “Urengoy Gas Company”, which shares belong to “ALROSA”. To become a part of the project, “Zarubezhneft” intends to purchase from ALROSA a blocking stake in the authorized capital of the companies–license holders.

The Agreement was signed by ALROSA’s President Fyodor Andreev and General Director of OJSC “Zarubezhneft” Nikolay Brunich. In the near future experts from “Zarubezhneft” will start analyzing and assessing these assets.