trending Market Intelligence /marketintelligence/en/news-insights/trending/dhjo4chycomqc42fhabdlg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Novatek subsidiary drills 1st well at North-Obskiy license in Russia

Q3: U.S. Solar and Wind Power by the Numbers

Path to Carbon-Free Power Generation by 2035

The Growing Importance of Data Centers for European & U.S. Renewable Projects

CAISO and ERCOT Power Forecasts by the Hour


Novatek subsidiary drills 1st well at North-Obskiy license in Russia

Arctic LNG 3, a subsidiary of PAO NOVATEK, drilled the first well at the North-Obskiy license area in Russia, according to a July 27 release.

Leonid Mikhelson, Novatek chairman of the management board, said the license area is characterized by significant geological potential and is a favorable location in terms of logistics. The license area's proximity to the exit from Ob Bay in its Northern part provides a convenient passage of vessels and requires no approach channel, Mikhelson said.

"Arctic LNG 3 potentially represents the next stage in implementing NOVATEK's development strategy to increase LNG production in the Russian Arctic region," Mikhelson said.