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Our asset base includes a number of prospective fields and license areas at various stages of exploration and development, which provide a basis for future sustainable hydrocarbon production growth. Fields in the Nadym-Pur-Taz Region are located in close proximity to existing transportation and processing infrastructure, which will enable their cost-effective development. The South-Tambeyskoye field, which is an integral part of the Yamal LNG project, is located on the coast of the Gulf of Ob, enabling efficient shipment of LNG to the international markets through the Port of Sabetta. The Salmanovskoye (Utrenneye) field on the Gydan Peninsula is in close proximity of the South-Tambeyskoye field, across the Gulf of Ob and allows efficient delivery of LNG to international markets through the port of Sabetta. Reserves of the Gydan peninsula - resources for the possible expansion of LNG production in the Arctic.
The license for the Yarudeyskoye field is valid until 2029 and is held by Yargeo, in which NOVATEK has a 51% equity stake. Most of the recoverable reserves at the field are in located in crude oil deposits.
In 2014 at the Yarudeyskoye field a central oil separation facility and a gas treatment unit were under construction. The construction of oil and gas pipelines linking the oil field to the trunk pipeline system were completed by more than 60%. Thirteen (13) production wells were drilled and two previously drilled exploration wells were side-tracked.