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HomeOil & GasGazprom and RusGazDobycha reach a final investment decision on the Semakovskoye gas...

Gazprom and RusGazDobycha reach a final investment decision on the Semakovskoye gas field

Russia’s energy corporation Gazprom and RusGazDobycha reached a final investment decision on the project for the development of the Semakovskoye gas field in the Yamal-Nenets Autonomous Area.

The field, which is located in the waters of Taz Bay and partly on land in the Taz Peninsula, is classified as large: its recoverable gas reserves exceed 320 billion cubic metres.

The configuration of the development project is fully defined, including the priorities for the construction and commissioning of production and transmission facilities, the procedure for recording and purchasing extracted gas and the ongoing efforts for attracting project financing from Russian credit organisations.

As part of the first stage of pre-development, RusGazAlyans commenced development drilling. Construction is underway for the first horizontal development well with a vertical deviation of more than 2,000 metres. The well is designed to have a measured depth of about 2,700 metres, with a vertical depth of 830 metres. Its construction, which includes geological studies, is expected to be finished by the end of this June. It is planned to complete the construction of the first six development wells by no later than the first quarter of 2021.

In addition, motorways and sites for production facilities are being built at the field and logistical resources are being brought to the area.

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