OAO Novatek announced in a press release the initial launch of the Urengoyskoye field within the company’s Olimpiysky license block in the Yamalo-Nenets Autonomous Okrug. The field’s production capacity is estimated at 1 Bcm (35 Bcf) of natural gas per annum.
Four producing wells have been completed at the field, of which three are already producing natural gas, the company said. The Urengoyskoye field has proved natural gas reserves of 21 Bcm (742 Bcf), as estimated under SEC reserves methodology as of Dec. 31, 2012.
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