Arctic LNG 1, a wholly owned subsidiary of Novatek, intends to begin full-scale geological and geophysical activities in the Bukharinskiy subsoil license area on the Gydan Peninsula of the Yamal-Nenets Autonomous Region and begin drilling of the first exploratory well in the upcoming exploration 2020-2021 season following registration of license SLH 16637 NR.
Terms of the license, which was obtained up to 2050, stipulate that the resource base should be used for LNG production at gas liquefaction facilities located in the YNAO and the adjacent water area.
The license, partially in the shallow waters of the Ob and Taz bays, lies near the Artic LNG 1’s Geofizicheskiy and Trekhbugorniy license areas and Soletsko-Khanaveyskoye field (OGJ Online, Sept. 3, 2019). The Bukharinskiy license area has estimated hydrocarbon resources of 1,190 billion cu m of natural gas and 74 million tons of liquids, or 8.4 billion boe, according to the Russian resource classification system.