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Commercial oil production begins at Novatek, Gazprom Neft field

Dec 28, 2018 - SNL Energy Finance Daily

PAO Novatek said Dec. 27 that crude oil production at the Yaro-Yakhinskoye field in the Purovsky district of the Yamalo-Nenets Autonomous Region, a federal subject of Russia, has begun.

The field, developed by Arcticgas, is a 50-50 joint venture between NOVATEK and PJSC Gazprom Neft. Crude oil production capacity is estimated at 1.2 million tons per year.

Construction at the field included oil and gas gathering systems, a central oil treatment facility, and an 57-kilometer long exter...