The Kruzenshternskoye field holds up to 2 trillion cubic meters of natural gas, the company says.
The field that is located on the western coast of the Yamal Peninsula is significantly bigger than previous estimates. The Kruzenshternskoye holds 360 million cubic meters more than what Gazprom earlier recorded.
With its about 2 trillion cubic meters, the field makes it into the list of Russia’s biggest fields. It is located in the country’s vastly rich natural gas region, only few kilometers west of the Bovanenkovo field. And nearby to the north is the Kharasavay, the field that Gazprom now is in the process of developing.
The Kharasavey holds a similar volume – about 2 trillion cubic meters, and is due to start production in year 2023. The Bovanankovo holds as much as 4,9 trillion cubic meters and was launched in 2012.
Like the Kharasavey, the Kruzenshternskoye field stretches into the Kara Sea. Gazprom in 2019 drilled a directional exploration well from the coast of the local Sharapov Shar Bay, the company informs.
The exploration also revealed up to 11,6 million tons of condensate.
Gazprom has earlier indicated that it could launch production in the field in the mid-2020s. It is likely to be connected by pipeline with the Bovanenkovo.
The company has a total of 32 licenses in the Yamal area and estimates the total resources to 26,5 trillion cubic meters of gas.
Up to 360 billion cubic meters of gas will ultimately be produced in the region per year, Gazprom says. That is more than half of what the company produced in total in 2019.
Related stories from around the North:
China: US sanctions against Chinese shipping company could hurt Russia’s LNG exports, The Independent Barents Observer
Norway: Norway’s Equinor to drill new Arctic well in Barents Sea, The Independent Barents Observer
Russia: New Russian PM grants drilling fields to Gazprom in Arctic, The Independent Barents Observer
United States: Seattle council votes to withhold business from oil companies that explore Arctic Refuge, Alaska Public Media