PAO NOVATEK recently announced the launch of commercial production of crude oil at the Yaro-Yakhinskoye field developed by Arcticgas, a joint venture between NOVATEK and Gazprom Neft. The fieldâs crude oil production capacity is estimated at 1.2 million tons per annum.
To start crude oil production, they constructed oil and gas gathering systems, a central oil treatment facility and a 57 km long external crude oil pipeline with oil delivery point. Twenty-two production wells have already been drilled at the crude oil part of the field, and production drilling is underway.
âThe launch of the crude oil program at Arctigasâ Yaro-Yakhinskoye field will make a significant contribution to the Company’s liquids production growthâ?, noted Leonid Mikhelson, NOVATEKâs Chairman of the Management Board. âWe managed to complete construction in a short time fully using the existing infrastructureâ?.
