Novatek increases Kharbeyskoye field reserves estimate

Novatek increases Kharbeyskoye field reserves estimate
Illustration purposes only (Image courtesy of Novatek)

Russia’s largest independent natural gas producer, Novatek, said that following exploration works at the Kharbeyskoye field its natural gas, gas condensate and crude oil reserves increased significantly. 

Upon testing of the exploration well 305, at the Kharbeyskoye field in the Tazovskiy District of the Yamal-Nenets Autonomous region, Novatek discovered significant commercial crude oil reserves.

The company, therefore, increased the field’s hydrocarbon reserves preliminary estimates to 220 billion cubic meters of natural gas and more than 40 million tons of crude oil (recoverable reserves) according to the Russian reserve classification ABC1+C2.

Exploration wells 306 and 307 targeting the Jurassic layers are currently being drilled, and the results of drilling and testing are expected in the nearest future, Novatek said.

 

Share this article

Follow LNG World News

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Nov 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >

Budapest LNG Summit 2019

The Budapest LNG Summit is a niche event focused on the up and coming LNG region of Central & Eastern Europe (CEE).

read more >