Russian gas player Novatek will be able to increase its output capacity by almost 20% after it upgraded infrastructure at its major gas field, the company said today.
Novatek said it launched two additional processing trains for separating natural gas as it implements the second stage of development at the Arctic Yurkharovskoye field.
This will provide the company "with the potential to increase annual productive capacity at the field by seven billion cubic metres of natural gas and approximately 600,000 tonnes of unstable gas condensate".
"With the launch of the second stage, Novatek has the productive capacity to produce up to 44 Bcm of natural gas per annum," the company said in a Reuters report.
The Yurkharovskoye field, which Novatek has been developing since 2003, is within the Polar Circle southeast of the Tazovsky peninsula.
It has proven reserves of 343 Bcm of natural gas and 17 million tonnes of liquid hydrocarbons.
Last year, the field produced 11.71 Bcm of natural gas and 895 thousand tonnes of gas condensate.
Last year, Novatek's total gas output rose by 8% to 30.87 Bcm.