Novatek starts production from South-Khadyryakhinskoye field

Location of South-Khadyryakhinskoye (Image courtesy of Novatek)

Russian largest independent gas producer and LNG player Novatek has begun commercial production at the South-Khadyryakhinskoye gas field.

Novatek said on Wednesday that the field holds an estimated capacity of one billion cubic meters per annum.

Novatek’s head Leonid Mikhelson said: “The South-Khadyryakhinskoye field is located in close proximity to the company’s existing infrastructure, which allowed us to quickly commence initial gas production and optimize the field’s capital costs.

The new gas production capacity will contribute immediately to incremental growth in our domestic natural gas production connected to the United Gas Supply System.

The South-Khadyryakhinskoye field is located in the Purovsky district of the Yamal-Nenets Autonomous Region. Novatek subsidiary, Novatek-Tarkosaleneftegas, holds the field’s license for the exploration and production, which was acquired in December 2017.

Namely, Novatek bought firms South-Khadyryakhinskoye and Eurotek from AR Oil & Gas, a joint venture of Neftegazholding and Repsol.

As of December 31, 2018, the field’s reserves under the Russian reserves classification totaled about 28 billion cubic meters of natural gas.

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