Gulf Oil and Gas accountACCOUNT

NOVATEK Obtains the Bukharinskiy License Area

Source: www.gulfoilandgas.com 12/27/2019, Location: Asia

PAO NOVATEK “NOVATEK) announced that Arctic LNG 1, a wholly owned subsidiary, won the auction for geological survey, exploration and production license for the Bukharinskiy subsoil license area located on the Gydan Peninsula and partly in the shallow waters of the Ob and Taz bays in the Yamal-Nenets Autonomous Region.

The Bukharinskiy license area has estimated hydrocarbon resources of 1,190 billion cubic meters of natural gas and 74 million tons of liquids, or 8.4 billion barrels of oil equivalent, according to the Russian resource classification system. The license term is 27 years and the auction resulted in one-time payment for the subsoil use of RR 2,346 million.

The new license area borders NOVATEK’s Soletsko-Khanaveyskoye field and the Trekhbugorniy license area on the Gydan Peninsula, and allows the Company to increase the resource base for the next LNG project similar to Arctic LNG 2, with liquefaction trains to be located at the Utrenniy terminal.

Geological, Geophysical News in Russia >>

China >>  5/28/2020 - BP has entered into an agreement to license its latest generation technology for the production of purified terephthalic acid (PTA) to China’s Dongyin...
China >>  5/20/2020 - The "cloud signing" ceremony of CNOOC and Shell Petrochemicals Company (CSPC) Phase 3 project was held in Guangzhou, Beijing and The Hague, the Nether...

China >>  5/9/2020 - Sinopec Corp, China's leading energy and chemical company, has put China’s largest petrochemical port into operation with the successful docking and u...

Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


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 | 49 | 50 | 51 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.