Novatek expands exploration acreage

Novatek expands exploration acreage
Illustration purposes only (Image courtesy of Novatek)

Russia’s largest independent natural gas producer and LNG operator Novatek has secured the right to explore on the Krasnoyarsk Territory. 

The company said on Friday it has obtained five new licenses on the Krasnoyarsk Territory located in close proximity to its existing licenses on the Gydan Peninsula.

Novatek’s unit, Novatek-Yurkharovneftegas obtained the right for geological survey licenses for the Khalmeryahskiy, Dorofeevskiy and West-Dorofeevskiy subsoil areas, while the company’s other unit, Novatek-Tarkosaleneftegas obtained the right for geological survey licenses for the South-Khalmeryahskiy and South-Dorofeevskiy subsoil areas.

The acquisition of five new licenses is in line with the Company’s strategy to expand its resource base on the Yamal and Gydan peninsulas and increase natural gas and liquid hydrocarbon production.

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Posted on May 24, 2019 with tags .

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