Exploration & Production

Novatek starts drilling at North Obskiy licence

Russia’s Novatek has started drilling the first well at its North Obskiy licence in the shallow waters of the Gulf of Ob.
By Staff reporter 31 July 2018 0 31950

Russia’s Novatek started drilling the first well at its North Obskiy licence in the shallow waters of the Gulf of Ob on Friday, the company said last week.

The licence could become a resource base for a new plant that will be known as Arctic LNG 3, which would be Novatek’s third LNG export facility in the region after Yamal LNG and Arctic LNG 2.

“Arctic LNG 3 potentially represents the next stage in implementing Novatek’s development strategy to increase LNG production in the...