Novatek registers Bukharinskiy licence area for LNG production

Arctic LNG 1, a wholly owned subsidiary of Novatek, intends to begin full-scale geological and geophysical activities in the Bukharinskiy subsoil licence area on the Gydan Peninsula of the Yamal-Nenets Autonomous Region (north-western Siberia) and begin drilling of the first exploratory well in the upcoming exploration 2020-2021 season following registration of licence SLH 16637 NR.

Terms of the licence, which was obtained up to 2050, stipulate that the resource base should be used for LNG production at gas liquefaction facilities located in the YNAO and the adjacent water area.

The licence, partially in the shallow waters of the Ob and Taz bays, lies near the Artic LNG 1’s Geofizicheskiy and Trekhbugorniy licence areas and Soletsko-Khanaveyskoye field.

The Bukharinskiy licence area has estimated hydrocarbon resources of 1,190 billion cubic metres of natural gas and 74 million tons of liquids, or 8.4 billion boe, according to the Russian resource classification system.

Source: Oil & Gas Journal