The Yurkharovskoye oil and gas condensate field is the main producing asset of NOVATEK. The license for the field is valid until 2034.

The field was discovered in 1970 and is located within the polar circle on the southeast shore of the Tazov peninsula. The field’s western part lies on the Tazov peninsula, while the central and eastern parts are situated offshore in the Tazov Gulf. The offshore part of the field is being developed from onshore locations using horizontal wells.

Marketable production of gas and gas condensate at the Yurkharovskoye field began in 2003, and, in 2014, reached 36.0 bcm of natural gas and 2.1 million tons of liquid hydrocarbons. The field development model provides for the drilling of large-diameter and multilateral horizontal wells, which reduces the total number of wells needed to develop the field, thereby minimizing capital expenditures. Wells at the Yurkharovskoye field reach 8.5 km in length, up to 245 mm in diameter, with a horizontal sections of up to 1.5 km.

In 2015 a new 2.5 MW gas turbine power plant was launched at the Yurkharovskoye field improving the field’s reliability of power supply and achieving energy independence. We also actively developed the Cenomanian layer at the Yurkharovskoye field – eight (8) new production wells were drilled with average length of three (3) km and vertical deviation of 2.4 km, achieving maximum initial flow rates of up to 2.2 mmcm of natural gas per day. As part of the Cenomanian development program we carried out construction of a 48 MW booster compressor station (BCS) during the reporting year