Geofizicheskoye is a conventional gas development located onshore Russia and is operated by Arctic LNG 1. Discovered in 1975, Geofizicheskoye lies in block Geofizichesky.
The project is currently in approval stage and is expected to start commercial production in 2027. Final investment decision (FID) of the project was approved in 2019.
Field participation details
The field is owned by Novatek.
Production from Geofizicheskoye
Production from the Geofizicheskoye conventional gas development project is expected to begin in 2027 and is forecast to peak in 2030, to approximately 4,267 bpd of crude oil and condensate and 2,601 Mmcfd of liquid natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2069.
Remaining recoverable reserves
The field is expected to recover 3,259.71 Mmboe, comprised of 29.06 Mmbbl of crude oil & condensate and 19,383.9 bcf of liquid natural gas reserves.
Methodology
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.