Investments

Yamalo-Nenetskiy Autonomous District

“YARGEO” Project

Description:

Yarudeyskoye field is situated in Yamalo-Nenetskiy Autonomous District.

The license for exploration and production of hydrocarbons at Yarudeyskoye field is owned by “YARGEO” LLC, joint venture of Novatek and Fund Energy (51% owned by Novatek, 49% owned by Fund Energy).

The license for exploration and production of hydrocarbons is valid till 2029. The main part of the recoverable resources accounts for oil deposits.

Reserves:

C1+C2 recoverable reserves – 46 mmt of liquids.

Status:

In 2012 geological exploration works were finished: exploratory well was drilled allowing to specify geological model and in increase the field reserves. Field exploitation project work was performed.

In 2013 the backfilling works of well pads, road and central production facility were started as well as the construction of power lines, and external transport oil pipeline and gas pipeline installation.

As for September 2014 backfilling and piling for oil treatment facility completed. 350-km oil pipeline to Purpe – 70% complete, gas pipeline – 55% complete. Three drilling rigs in operation on site – 9 wells and 2 side tracks drilled.

Yarudeyskoye oil field is scheduled to be launched in 2015; in 2016 production volumes should reach the peak of 3,5 mmt/year.

For additional information visit Novatek’s official website.