Russia’s Gazprom said Oct. 8 it made a commercial gas discovery in the Kara Sea offshore Russia, marking its fourth major find in the area the last two years, according to a news release.
The company said commercial gas inflow was obtained with a flow rate of about 600,000 cubic meters per day. The discovery was made on the shelf of the Yamal Peninsula at the Leningradskoye Field in the Kara Sea.
Gazprom said it will present the findings to the State Reserves Commission to record them in the state register.
The Leningradskoye gas and condensate field is located the Leningradsky license block. Its current recoverable gas reserves are estimated at about 1.9 trillion cubic meters, Gazprom said in the release.
Recommended Reading
Analyst: Is Jerry Jones Making a Run to Take Comstock Private?
2024-09-20 - After buying more than 13.4 million Comstock shares in August, analysts wonder if Dallas Cowboys owner Jerry Jones might split the tackles and run downhill toward a go-private buyout of the Haynesville Shale gas producer.
BKV Prices IPO at $270MM Nearly Two Years After First Filing
2024-09-25 - BKV Corp. priced its common shares at $18 each after and will begin trading on Sept. 26, about two years after the Denver company first filed for an IPO.
Gulfport Energy to Offer $500MM Senior Notes Due 2029
2024-09-03 - Gulfport Energy Corp. also commenced a tender offer to purchase for cash its 8.0% senior notes due 2026.
ONEOK Offers $7B in Notes to Fund EnLink, Medallion Midstream Deals
2024-09-11 - ONEOK intends to use the proceeds to fund its previously announced acquisition of Global Infrastructure Partners’ interest in midstream companies EnLink and Medallion.
Kosmos to Repay Debt with $500MM Senior Notes Offer
2024-09-11 - Kosmos Energy’s offering will be used to fund a portion of its 7.125% senior notes due 2026, 7.750% senior notes due 2027 and 7.500% senior notes due 2028.