NOVATEK Inaugurates New Laboratory Center
Moscow, 25 May 2022. PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that it has inaugurated NOVATEK’s Laboratory and Research Center in Tyumen that would significantly expand the Company’s scientific and technical capabilities. Tyumen Region Governor Alexander Moor and NOVATEK’s Chairman of the Management Board Leonid Mikhelson attended the inauguration ceremony.
The cutting-edge center includes laboratories for comprehensive studies of core samples, fluids, drilling muds and cement slurry, hydraulic fracturing fluids and proppants, and permafrost as well as incorporates an oil & gas production equipment reliability lab and an environment monitoring lab. Apart from the laboratories, the facility comprises a core samples storage and a lab samples warehouse. The new center has unique equipment that is one of a kind in Russia.
“Having vast high-quality natural gas reserves, we focus on the technology that we use to develop our fields,” noted Leonid Mikhelson, NOVATEK’s Chairman of the Management Board. “The new laboratory center will empower the Company to carry out a broad scope of studies in-house at our scientific and technical center in Tyumen. It would also significantly contribute to the research and technical capabilities of Russia’s oil and gas industry, improve the economic efficiency, speed and quality of studies performed as well as make NOVATEK less dependent on external service providers”.
PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. Upstream activities of the Company’s subsidiaries and joint ventures are concentrated mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 15% of the world’s gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation.