NOVATEK had brought Kharbeyskoye field in West Siberia into production

Moscow, November 17 - Neftegaz.RU. Russian independent gas producer NOVATEK announced today that the company's subsidiary NOVATEK-Tarkosaleneftegas has started pilot production from gas condensate deposits at the Kharbeyskoye field, part of the North-Russkiy cluster.

The annual production level for the field’s gas and gas condensate program is 3.6 bcm of natural gas and 0.6 mmt of gas condensate.
Leonid Mikhelson, NOVATEK’s Chairman of the Management Board, noted:

• The Kharbeyskoye field launch will make a significant contribution to NOVATEK's natural gas and liquid hydrocarbon production volumes
• One of our strategic priorities is maintaining the production levels in the area of the Unified Gas Supply System, and we are continuing to develop the North-Russkiy cluster which plays an important role in our strategy

The field’s hydrocarbon reserves are preliminary estimated at 220 billion m³ of natural gas and more than 40 million tons of crude oil (recoverable reserves).

NOVATEK has benefitted from the record-high natural gas prices in Europe.