NOVATEK discovers North-Obskoye field

The North-Obskoye field has estimated reserves of more than 320 billion m³ of natural gas under Russian reserve classification, and its total resources at the drilled well area are estimated at more than 900 billion m³ of natural gas. The reserves estimates will be submitted to the Russian State Reserves commission for confirmation in November 2018.

"The discovery of significant hydrocarbon reserves at the North-Obskoye field is an important starting point for one of our future LNG projects in the Arctic region", said Leonid Mikhelson, Chairman of NOVATEK’s Management Board. “Under the Russian reserve classification, the North-Obskoye field will be included into the “unique” category in terms of reserves size. The favourable geographical location of the field, its huge resource base and our accumulated LNG experience are important prerequisites to successfully implement this new LNG project”.

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