Novatek Testing Reveals Oil and Gas at Kharbeyskoye Field

By Carlo Martuscelli Features Dow Jones Newswires

Novatek (NVTK.LN) announced on Friday that it has discovered significant commercial crude oil reserves at its Kharbeyskoye field in Russia.

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The company has put out a preliminary estimate of 220 billion cubic meters of natural gas and more than 40 million tons of crude oil at the field.

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

(END) Dow Jones Newswires

November 03, 2017 05:44 ET (09:44 GMT)