PAO Novatek, primarily based in Moscow, introduced that Arctic LNG 1, a completely owned subsidiary, registered license quantity SLH 16637 NR for geological survey, exploration and manufacturing on the Bukharinskiy subsoil license space on the Gydan Peninsula. The license space partially positioned within the shallow waters of the Ob and Taz bays within the Yamal-Nenets Autonomous Region (YNAO), and is obtained for a interval as much as 2050. The license phrases stipulates that the useful resource base ought to be used for LNG manufacturing at fuel liquefaction amenities positioned within the YNAO and the adjoining water space.
The license space is positioned in shut proximity to the Geofizicheskiy and Trekhbugorniy license areas and the Soletsko-Khanaveyskoye area. Arctic LNG 1, Novatek’s subsequent large-scale LNG undertaking, holds these license areas. The Bukharinskiy license space has estimated hydrocarbon assets of 1,190 billion cubic meters of pure fuel and 74 million tons of liquids, or eight.four billion barrels of oil equal, in line with the Russian useful resource classification system.
The Company intends to start full-scale geological and geophysical actions and begin the drilling of the primary exploratory effectively within the upcoming exploration 2020/2021 season.
(Source: Novatek – Image: Novatek offloading website on the Ob Bay/ReneP/vitality international information)

The submit NOVATEK AWARDED EXPLORATION LICENCE FOR BUKHARINSKIY AREA THE OB AND TAZ BAYS appeared first on Energy Global News.

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