NOVATEK increased the power of the second stage Yurkharovskoye deposits at 7 billion cubic meters. m gas

By admin at 19 October, 2009, 6:20 pm

NOVATEK put into operation a second launch complex second stage Yurkharovskoye deposits, said in a press release.

Starting the second start of the complex will increase the company's ability toproduce gas and condensate at 7 billion m3 and 600 thousand tons per year, respectively.

In September 2008 the company commissioned the first starting complex of the second stage Yurkharovskoye field and pipeline, allowing Novatek to transport up to 34 billion m3 of gas annually.

In the second starting complex company put into operation two processing threads of low-temperature gas separation. Entering the second start of the complex will increase annual production from the field to 23 billion m3 of gas and 2 million tons of condensate. This will increase its production facilities for gas production to 44 billion m3 per year.

phased development Yurkharovskoye field gives us additional opportunities to increase the production of hydrocarbons from gas condensate reservoirs and optimize production of gas and gas condensate. Thus, the Company will be able to maximize revenue from the sale of stable gas condensate and liquefied petroleum gases, - said Leonid Michelson , chairman of OAO Novatek.

Yurkharovskoye oil gas field is located above the Arctic Circle in the south-eastern part of the Taz Peninsula. License for geological exploration and production of hydrocarbons owns OOO Novatek-YURKHAROVNEFTEGAZ, 100% subsidiary company Novatek. Production of gas and gas condensate started in 2003. Proved (SEC) deposits are 343 billion m3 of gas and 17 million tons of liquid hydrocarbons. In 2008, the deposit produced 11.71 billion m3 of gas and 895 thousand tons of gas condensate. Yurkharovskoye deposit - the largest reserves among the fields Novatek, which is a source of growth in production and reserves in the medium term.
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