Total Announces Start of Production at Termokarstovoye Field

Total announced Wednesday the start of gas and condensate production from the onshore Termokarstovoye field in Russia.

The field will produce around 233 million cubic feet of gas and 20,000 barrels of condensate per day, and a combined production capacity of 65,000 barrels of oil equivalent per day, according to Total.

Located in the Yamalo-Nenets Autonomous District of the Russian Federation, the Termokarstovoye field is operated by Terneftegas, which is a joint-venture between Russia’s second biggest natural gas producer Novatek and Total.

Total's Senior Vice President Exploration & Production, Europe and Central Asia Michael Borrell commented in a company statement:

"We are delighted with the start-up of Termokarstovoye, the first project executed together with our strategic partner in Russia Novatek, with whom we are also jointly developing the Yamal LNG project.

"Achieved ahead of schedule and below budget, Termokarstovoye, the fourth start-up since the beginning of the year, will contribute to Total’s production growth in 2015."

In a separate statement, Novatek Management Board Chairman Leonid V. Mikhelson said: 

"The formal launch of the Termokarstovoye field continues our track record of successfully adding productive capacity to our asset portfolio, will have an immediate positive impact on our natural gas and gas condensate production growth and enable us to fully utilize the processing capacities of our Purovsky plant."

Novatek’s Purovsky plant is located in Russia’s YNAO region and is in close proximity to the East-Tarkosalinskoye field. An expansion project at the plant was completed early last year.

A graduate in journalism from Cardiff University, Andreas has eight years of experience as a business journalist. Email Andreas at andreas.exarheas@rigzone.com

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