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Novatek starts production at Yevo-Yakhinskiy Cluster in Yamalo-Nenets region

Russia's Novatek produced 20.64 bln m3 of gas and 2.95 mln mt of liquids in the Q1 of 2022, up 2.4% and down 5.6% respectively year/year.

Novatek starts production at Yevo-Yakhinskiy Cluster in Yamalo-Nenets region

Moscow, May 16 - Neftegaz.RU. NOVATEK announced today that the company's subsidiary NOVATEK-Yurkharovneftegas has started pilot production from gas condensate deposits at the Yevo-Yakhinskiy Cluster including the Yevo-Yakhinskoye and Ust-Yamsoveyskoye fields, as well as part of the Urengoyskoye field (within the boundaries of the Olimpiyskiy license area).

The annual production level at the Yevo-Yakhinskiy Cluster is 4 bcm of natural gas and 1.3 mmt of gas condensate.
Leonid Mikhelson, NOVATEK’s Chairman of the Management Board, said:
  • Maintaining pipeline gas production levels within the reach of the Unified Gas Supply System for the domestic market supplies, as well as gas condensate production to secure the load of our processing capacities remains one of the main priorities of the company
  • The Yevo-Yakhinskiy Cluster fields will contribute significantly to our gas and gas condensate production
In 2021, NOVATEK increased its total hydrocarbons production by 2.9%.
The company continued its systemic efforts to commence production at new fields, boosting the share of developed reserves and laying a particular focus on resource base monetization.

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