Gulf Oil and Gas accountACCOUNT

NOVATEK Increases Productive Capacity at Yurkharovsko

Source: www.gulfoilandgas.com 10/12/2010, Location: Asia

OAO NOVATEK (“NOVATEK” announced the commencement of the final stage of Phase Two development at its wholly-owned Yurkharovskoye field. As part of the Company’s capital investment program, two additional processing trains for separating natural gas were launched at the field, thus increasing the Yurkharovskoye field’s annual productive capacity to approximately 33 billion cubic meters of natural gas and approximately three million tons of unstable gas condensate.

According to NOVATEK’s CEO, Leonid Mikhelson, “The Company has been consistent in its focused approach to implementing its strategy to increase hydrocarbon production and processing capacities as evidenced by our successes at the Yurkharovskoye field. Moreover, the field’s development program has become a platform for implementing new drilling, production and processing technologies, as well as innovative solutions, which may be applied to our new and future projects.”

The Yurkharovskoye field is located within the Polar Circle southeast of the Tazovsky peninsula. The field is licensed to our wholly-owned subsidiary OOO NOVATEK-YURKHAROVNEFTEGAS, and has been producing natural gas and gas condensate since 2003. The field’s proven (SEC) reserves at 31 December 2009 amount to 443.6 bcm of natural gas and 22.4 million tons of liquid hydrocarbons. In the first nine months of 2010, the field produced 17.5 bcm of natural gas and 1.5 million tons of unstable gas condensate. The Yurkharovskoye field is the largest of NOVATEK’s exploration and production assets in terms of reserves and production and is the driver for the Company’s mid-term production and reserves growth.

Production News in Russia >>

Iran >>  7/13/2019 - Iran has awarded dozens of contracts worth $6.2 billion to domestic companies to have oil production increase by 280,000 barrels per day (bpd) as part...
Russia >>  7/9/2019 - Specialists from RN-Purneftegaz, a subsidiary of Rosneft, have implemented modern technology that improves well productivity and extends production pe...

Netherlands Antilles >>  7/8/2019 - Tulip Oil Netherlands Offshore, a wholly owned subsidiary of Tulip Oil Holding, is pleased to announce the latest quarterly Q10 Project update. ...
France >>  7/3/2019 - Total has started up production at the La Mède biorefinery in southeastern France, with the first batches of biofuel coming off the line. It is the fi...

Mexico >>  7/2/2019 - Eni has started the early production phase from the Mizton field in Area 1, located in the Campeche Bay offshore Mexico. This is the first step in the...
United Arab Emirates >>  7/2/2019 - Al Dhafra Petroleum, a joint venture between the Abu Dhabi National Oil Company (ADNOC), the Korea National Oil Company (KNOC) and GS Energy, and one ...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Russia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 |

More News

Related Links

AZ BD BN CN GE HK ID IN IR JP KR KZ MM MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.