Novatek Starts up Urengoyskoye Field

Russia's Novatek reported Thursday that it has started production at its Urengoyskoye field on its Olimpiysky block in the Yamal-Nenets autonomous region.

Novatek said four production wells have been completed at the field, of which three wells are already producing natural gas.

Novatek added that the field has proved natural gas reserves of 21 billion cubic meters (742 billion cubic feet) and that its production capacity is estimated at one billion cubic meters (35.3 billion cubic feet) per annum.

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