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Novatek, Gazprom Neft JV starts production in Samburgskiy area

PAO Novatek and Public Joint Stock Co. Gazprom Neft's joint venture, Arcticgas, started production at the East Urengoyskoye plus North Esetinskoye field in the Samburgskiy license area.

The project is expected to have an annual production capacity of more than 1 billion cubic meters of natural gas and 0.2 million tons of gas condensate, according to an Oct. 10 news release from Novatek.

Novatek was able to start production immediately and optimize capital costs as the asset is near its existing infrastructure, Novatek said.