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Gazprom Launches Yamal Development
Gazprom’s management committee has sanctioned the start of development of Bovanenkovskoe field. Production is slated to begin in 2011 and will reach 115 billion cu meters of gas a year. This effort will enable Gazprom to overcome the production decline.
Gazprom announced Friday the start of investment stage under the project of Yamal’s Bovanenkovskoe field. The first launching units of 15 billion cu meters annual capacity are expected to start delivering gas to Bovanenkovo-Ukhta gas pipeline in the third quarter of 2011; the pipeline will be constructed by that time.
The annual production from Bovanenkovskoe is estimated to reach 115 billion cu meters of gas. This amount will enable Gazprom to maintain production at 560 billion cu meters a year in 2011 to 2015.
Overall explored reserves of Yamal stand at 10.4 trillion cu meters of gas; three biggest fields – Bovanenkovskoe, Kharasaveiskoe and Novoportovskoe – account for a half of the amount.
www.kommersant.com
All the Article in Russian as of Oct. 09, 2006
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