Novatek hikes Utrenneye reserves estimate

Novatek has discovered two new hydrocarbon deposits and confirmed commercial viability of Middle Jurassic deposits in Utrenneye gas and condensate field with its No. 294 well on the Gydan Peninsula of northern Siberia.

The field supports the proposed 19.8-million tonne/year Arctic LNG 2 project nearby on the Gulf of Ob (OGJ Online, May 25, 2018).

Novatek didn’t identify the new deposits or report test results. It estimated reserves in the newly discovered deposits at 405 billion cu m of gas and 40 million tonnes of condensate.

At the end of last year, it estimated the field’s reserves at 1.5 trillion cu m of gas and 65 million tonnes of liquids.