NOVATEK launched the Urengoyskoye field

10/25/2013

NOVATEK launched the Urengoyskoye field

MOSCOW -- Novatek said that the initial launch of the Urengoyskoye field within the Company’s Olimpiysky license block, with the field’s production capacity estimated at one 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.

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