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NOVATEK Starts Production at the South-Khadyryakhinskoye Field

Source: www.gulfoilandgas.com 7/24/2019, Location: Asia

NOVATEK has announced that the Company’s wholly owned subsidiary NOVATEK-Tarkosaleneftegas commenced commercial production at the South-Khadyryakhinskoye gas field, with estimated gas capacity at about one billion cubic meters per annum.

'The South-Khadyryakhinskoye field is located in close proximity to the Company’s existing infrastructure, which allowed us to quickly commence initial gas production and optimize the field’s capital costs,' noted NOVATEK’s Chairman of the Management Board Leonid Mikhelson. 'The new gas production capacity will contribute immediately to incremental growth in our domestic natural gas production connected to the United Gas Supply System'.

The South-Khadyryakhinskoye field is located in the Purovsky district of the Yamal-Nenets Autonomous Region. NOVATEK-Tarkosaleneftegas holds the field’s license for the exploration and production, which was acquired in December 2017. As of 31 December 2018, the field’s reserves under the Russian reserves classification totaled about 28 billion cubic meters of natural gas.

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