Structures associated with the company of the youngest son of the Secretary of the Security Council Nikolai Patrushev, entered the capital of Investgeoservis (IGS). The company is a major drilling contractor for an oil company NOVATEK (major shareholders are billionaires Leonid Mikhelson and Gennady Timchenko).
Details. Structures associated with the company “Aurora” Andrey Patrushev, received a share in the IGS, Kommersant sources say. This is confirmed by the data of the Cypriot registry. According to the documents, structures associated with Aurora control at least 48.6% of the Cypriot structure of IGS International, which, in turn, owns a majority stake in IGS.
“Kommersant”, 07/19/2022, “Aurora” took up the drill”: IGS is owned by Cypriot structures – a subsidiary of IGS Drilling (40%, a quasi-treasury stake) and IGS International (60%), and until the end of last year, the company was jointly controlled by Stanislav Kotov and Damir Tuktarov. According to an extract from the Cypriot register, in January, 10% in IGS International, owned by a number of minority shareholders, including Anatoly Kot, Sergey Kishilov and Sergey Natalenko, was received by Sirius JSC (registered at 7, Armenian Lane). Sirius was founded by Roman Ivanov, his name is the same as a member of the board of directors of Aurora. Already in February, Anatoly Chiryatyev, the owner of the Sevnor Management shipping company registered at the same address as Sirius (revenue in 2021 – 6.7 billion rubles) and its subsidiary Sevnor Logistics, received a 38.6% stake in IGS from Stanislav Kotov “. Damir Tuktarov, who left the post of head of the GCI last year, still has 26% in the contractor.
Until April, Sevnor Management, through Sirius Holding (formerly Sevnor Technologies), owned 25% of Aurora. The beneficiary of Aurora, according to the company’s report, is Andrey Patrushev. The companies are also connected by economic activities: Aurora rented an office from Sevnor Management, and also chartered a vessel on a time charter basis, and Sevnor Logistics provided Aurora with premises and equipment for rent. — Inset K.ru
IGS owns 32 drilling rigs and earns mainly on orders from NOVATEK, said Mikhail Burmistrov, head of Infoline-Analytics. According to Kommersant, IGS receives more than 80% of its revenue from NOVATEK’s orders. The company also participates in the Arctic LNG-2 project. In 2021, IGS received 18.5 billion rubles in revenue and a loss of 2 billion rubles, which the company attributed to the consequences of the pandemic.
According to Burmistrov, Mikhelson’s company, even with the revision of LNG projects and the timing of their implementation, is unlikely to significantly reduce investment in drilling.
Aurora has cooperated with NOVATEK before: last year, the company ordered a Perro Negro 8 self-elevating floating drilling rig from the Italian Saipem, which drilled at NOVATEK’s Geophysical field in the Gulf of Ob.
Context. Nikolai Patrushev is one of the closest associates Vladimir Putin, with whom the president has known since the days of the KGB. After the start of the pandemic, according to sources, Patrushev remained one of the few people who could regularly communicate personally with the head of state, and strengthened his influence on Putin during this time. Gennady Timchenko is a man whom the president openly calls his own friend.
Andrey Patrushev decided to start his own business after he resigned three years ago Deputy Chairman of Gazprom Neft, where he oversaw offshore projects. At 26 Andrey Patrushev received the Order of Honor.
Kommersant reported on Aurora’s desire to buy IGS back in August 2021. Experts interviewed by the publication noted then that Patrushev was striving to create a major player in the oilfield services industry. […]