16 Dec 2011 18:13

NOVATEK and Total start up development of Termokarstovoye field

MOSCOW. Dec 16 (Interfax) - Independent gas producer NOVATEK and France's Total have made a final investment decision for the development of the Termokarstovoye gas condensate field in the Yamalo-Nenets Autonomous District, Total said in a statement.

The companies plan to start production at the field in 2015 with daily output at around 65,000 barrels of oil equivalent.