Exploration & Production

Novatek makes new discovery at North Obskoye

Test results have confirmed the discovery of a new gas and condensate field at Novatek’s North Obskoye licence
By Staff reporter 11 October 2018 0 32868

Test results from the first exploration well drilled at Novatek’s North Obskoye licence in the Russian Arctic have confirmed the discovery of a new gas and condensate field with estimated reserves exceeding 320 billion cubic metres, the Russian company said on Wednesday.

Total resources at the well area have been estimated at more than 900 billion cubic metres, which could support a future LNG export project. North Obskoye is located in shallow waters in the Gulf of Ob.

“The discovery of...