Novatek Boosts Productive Capacity to 33Bcm at Yurkharovskoye Field

Novatek announced the commencement of the final stage of Phase Two development at its wholly-owned Yurkharovskoye field. The Yurkharovskoye field is located within the Polar Circle southeast of the Tazovsky peninsula. As part of the Company's capital investment program, two additional processing trains for separating natural gas were launched at the field, thus increasing the Yurkharovskoye field's annual productive capacity to approximately 33 billion cubic meters of natural gas and approximately three million tons of unstable gas condensate.

According to Novatek's CEO, Leonid Mikhelson, "The Company has been consistent in its focused approach to implementing its strategy to increase hydrocarbon production and processing capacities as evidenced by our successes at the Yurkharovskoye field. Moreover, the field's development program has become a platform for implementing new drilling, production and processing technologies, as well as innovative solutions, which may be applied to our new and future projects."


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Gas Storage Reservoir Engineer
Expertise: Petroleum Engineering
Location: Houston, TX
United States Odessa: Sr Field Engineer - Directional Drilling
Expertise: Directional Driller|Drilling Engineering
Location: Odessa, TX
Project Manager, Oil and Gas
Expertise: Petroleum Engineering|Project Management
Location: West Chicago, IL
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours