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