Novatek introduced that the corporate has reached a milestone of 1 trillion cubic meters in cumulative pure fuel manufacturing since commencing its pure fuel subject growth program.
The Company commenced producing pure fuel at its East-Tarkosalinskoye subject with the launch of the primary fuel remedy unit in 1998. Subsequently, the Company began growing deeper fuel condensate bearing layers that required the appliance of recent state-of-the-art applied sciences, together with drilling massive diameter, lengthy horizontal wells with multi-stage fracturing. The mixture of pure fuel produced from subsidiary firms and joint ventures has steadily elevated over the previous years, and with the profitable launch of our flagship Yamal LNG mission in 2017, NOVATEK has remodeled from offering pure fuel to the Russian home market to a worldwide LNG participant.
“Today, NOVATEK is likely one of the largest pure fuel producers globally. Reaching cumulative pure fuel quantity of 1 trillion cubic meters is a major milestone for the Company, and we’re very happy with what we achieved because the Company’s basis. We have constructed a pure fuel platform each domestically and now internationally with our Yamal LNG mission that is likely one of the most cost-competitive within the business.” famous Leonid Mikhelson, NOVATEK’s Chairman of the Management Board. “A top quality, lengthy life useful resource base mixed with a low price working mannequin in addition to our extremely skilled crew able to fixing essentially the most complicated duties symbolize our greatest aggressive benefit vis-à-vis our international business rivals.”
(Source: Novatek – Image: Tanker within the port of Sabetta)
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