Russia's SeverEnergia Launches New Gas Production Stage


MOSCOW, Sept 15 (Reuters) – SeverEnergia, a joint venture between Russia's Novatek and Gazprom Neft, has expanded natural gas production at its Arctic field, to help it meet its output targets, Novatek said on Monday.

Both Novatek and Gazprom Neft were hit by Western sanctions over Moscow's involvement in the Ukrainian crisis. The punitive measures have so far had not any material effect on their operations.

Novatek said that SeverEnergia has launched the third stage of the Samburgskoye gas condensate field in Yamal-Nenets Autonomous Region.

The development of fields in the Russian Arctic region is important for the country's overall natural gas production.

Novatek said the launch of the third stage, which exceeds two billion cubic metres of natural gas each year, will enable the field to achieve peak production capacity of roughly 7 bcm of natural gas and more than 900,000 tonnes condensate a year.

The field's proven reserves were 90 bcm of natural gas and 14.3 million tonnes of liquids, according to the international SEC classification as of Dec. 31 2013. Commercial production at the field started in April 2012. In 2013, the field produced 4.8 bcm of natural gas and 646,000 tonnes of liquids.

(Reporting by Vladimir Soldatkin; Editing by Lidia Kelly and Louise Heavens)


Copyright 2016 Thomson Reuters. Click for Restrictions.


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