French major Total said on Friday it had taken a final investment decision with its strategic partner Novatek, Russia’s biggest independent gas producer, to develop the Termokarstovoye gas and condensate field in northern Russia. The onshore field is located in the Yamal- Nenets autonomous district, 250 km east of Tarko-Sale. The field harbors a potential of around 47 Bcm of natural gas and about 10 million tons (75 million bbl) of condensate. The project start-up is expected in 2015 with a production capacity of around 65,000 boe/d.
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