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NOVATEK had brought Kharbeyskoye field in West Siberia into production

The field is part of the North-Russkiy cluster in the Yamalo-Nenets region

NOVATEK had brought Kharbeyskoye field in West Siberia into production

Source: Novatek Press Office

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.
In Q3 2021, the company’s normalized profit has almost doubled and free cashflow increased by 386% over Q3 2020, even as production decreased slightly.

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