Novatek May Tap Additional Gas Volumes from Deep Horizons of Nadym-Pur-Taz Region Within 3–5 Years if Tax Burden Is Reduced

Novatek May Tap Additional Gas Volumes from Deep Horizons of Nadym-Pur-Taz Region Within 3–5 Years if Tax Burden Is Reduced

Novatek could begin developing additional reserves from deep horizons of the Nadym-Pur-Taz region (Yamalo-Nenets Autonomous Okrug) within three to five years. This was stated by Ekaterina Galyan, Director of the Subsoil Use and Resource Base Management Department at the company, during the “Hard-to-Recover Reserves – Present and Future” conference. At the same time, she emphasized the urgent need to stimulate production from deep horizons in the…