Novatek Secures Gydan Licences
Leading Russian independent gas producer Novatek said June 30 that its subsidiary Yurkharovneftegas had obtained the right to explore and appraise licenses for the West-Solpatinskiy, North-Tanamskiy and Nyavuyahskiy license areas in the Yamal-Nenets Autonomous Region in the central part of the Gydan peninsula of western Siberia. The license duration is seven years.
As of 1 January 2016, the recoverable resources for the license areas under the Russian reserve classification methodology totalled some 560bn m3 of gas and about 57 million tons of liquid hydrocarbons.
Yamal LNG (image credit: Novatek)
Novatek CEO Leonid Mikhelson said: “We continue to expand our resource base in the Gydan peninsula as an important element in our long-term development strategy. In 2017, we plan to launch the first LNG train at the Yamal LNG project, and we are actively studying the region’s geological potential for implementing future LNG projects”. The Yamal peninsula is to the west of the Gydan peninsula; both are north of the Arctic Circle.
Mark Smedley | www.naturalgaseurope.com