OAO Novatek has begun the final stage of Phase Two development at its wholly-owned Yurkharovskoye field in Russia.
As part of the company’s capital investment program, two additional processing trains for separating natural gas were launched at the field.
This is in line with the company’s strategy to increase the Yurkharovskoye field’s annual productive capacity to approximately 33 billion cubic meters of natural gas and approximately three million tons of unstable gas condensate.
The company said that it has been consistent in its approach to implementing its strategy to increase hydrocarbon production and processing capacities as evidenced by its successes at the Yurkharovskoye field.
OAO Novatek CEO Leonid Mikhelson said that the field’s development program has become a platform for implementing new drilling, production and processing technologies.