The deal, announced earlier this year, has cleared all administrative hurdles.
Following completion of the transaction, Zarubezhneft holds a 40% interest in the scheme, while Total’s share in the production sharing project dropped to 20%.
Norwegian state player Stat- oil retains a 30% interest, with locally-based Nenets Oil holding the remainder in the development.
Kharyaga is one of three production sharing agreements that are in operation today in Russia.
