Total, Novatek sign Yamal LNG agreement

By OGJ editors

Total SA and Russian independent producer Novatek signed final agreements to develop Yamal LNG (OGJ Online, Mar. 21, 2011).

Total becomes the main international partner on the project with a 20% share; Novatek will keep at least a 51% interest. It said the “relevant Russian authorities” had signed off on the acquisition on Aug. 22.

Yamal LNG will develop South Tambey field in the Arctic of the Yamal Peninsula. Resources in the condensate and natural gas field will allow production of more than 15 million tonnes/year of LNG.

Total will have access to proved and probable reserves of about 800 million boe and to a plateau production of about 90,000 boe/d.

Related Articles

White House eyes steps to curb oil, gas methane emissions

03/29/2014 The White House announced additional steps to reduce methane emissions from oil and gas operations as part of a broader strategy. They included reg...

NGSA asks Congress to pass bills facilitating LNG exports

03/27/2014 The Natural Gas Supply Association called on Congress to support legislation that would facilitate more LNG exports. “Exporting LNG overseas will h...

US, European energy leaders to discuss gas diversification measures

03/27/2014 Top US government energy officials and their counterparts from other G7 nations will meet early next week to discuss reducing Europe’s heavy relian...

Santos buys gas reserves for Queensland LNG plant

03/27/2014 The WestSide Corp.-Mitsui joint venture has been let a contract to supply gas to the Santos Ltd.-led Gladstone LNG project for 20 years beginning i...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected