By Joe Hoppe
Novatek (NVTK.LN) said Friday that its Arcticgas joint venture with Gazprom Neft (SIBN.MZ) has expanded capacity at its Samburgskiy license area, in the Urengoyskoye field in Russia.
The Russian oil-and-gas company said the treatment facility's capacity was expanded to accommodate the increased volumes of gas condensate.
Pilot operation started at the facility's third stage with a capacity of 1.2 million tons of gas condensate a year.
By "commissioning the additional production capacities, we will increase our natural gas and liquids production in the UGSS area," said Novatek Chairman Leonid Mikhelson.
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