Gazprom takes FID on new gas project in Western Siberia

Gazprom and RusGazDobycha have reached a final investment decision (FID) on the development of the giant Semakovskoye gas field in Western Siberia, Kallanish Energy reports.

The partially offshore/onshore field in the Yamal-Nenets autonomous region has recoverable gas reserves of over 320 billion cubic meters (Bcm). The project is slated to enter commercial production in 2022 with 19 wells, Gazprom said in a statement on Thursday.

The 50-50 joint venture RuzGazAlyans will operate the project and has already started development drilling. The first horizontal development well is expected to be completed by the month-end. By the first quarter of 2021, the plan is to have six development wells drilled and complete.

Construction of associated infrastructure is set to actively start in the second half of the year.

Gazprom didn’t provide details on the cost of the project and its planned production capacity.

RusGazDobycha is a special-purpose company established by Russia’s National Chemical Group with the purpose of increasing the efficiency of the group’s production chain, gaining access to feedstock – natural gas. It’s investing in different gas production and processing projects, including the Ust-Luga LNG plant proposed on the Baltic coast.

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