Project Profile
Value: Undisclosed
Location: Olimpiysky license block, Russia
Reserves: 21 billion cubic metres (bcm) proven reserves
Production: one billion cubic metres (bcm) of natural gas per annum
Start-up Year: -
OAO NOVATEK (NOVATEK) commenced drilling on the Urengoyskoye field within the company’s Olimpiysky license block, with the field’s production capacity estimated at one billion cubic metres (bcm) of natural gas per annum. Four production wells have been completed at the field, of which three wells are already producing natural gas. The Urengoyskoye field has proved natural gas reserves of 21 bcm, as estimated under SEC reserves methodology at 31 December 2012. SeverEnergia (a joint venture between NOVATEK and OAO Gazprom Neft) is the operator of the block.
Operators:
SeverEnergia (a joint venture between NOVATEK and OAO Gazprom Neft): Operator with 100% interest
OAO NOVATEK: 50% interest in SeverEnergia
OAO Gazprom Neft: 50% interest in SeverEnergia