Geofizicheskoye is a conventional gas development located onshore Russia and is operated by Arctic LNG 1. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Geofizicheskoye was discovered in 1975, lies in block Geofizichesky. Buy the profile here.
The project is currently in construction 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 19,383.90 bcf of liquid natural gas reserves.
For more details on the Geofizicheskoye Conventional Gas Field, buy the profile here.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
