|
NOVATEK has been able to expand its resource base through geological exploration works at fields and license areas in close proximity to existing transportation and production infrastructure. The Company continues to efficiently develop its reserve base and increase the ultimate level of hydrocarbon recovery at its fields as a result of many years of operational experience in the YNAO and by utilizing state-of-the-art exploration and development technologies.
in 2009, NOVATEK achieved significant growth in its reserves due to a combination of exploration and development work carried out at the Yurkharovskoye field and the strategic acquisition of the South Tambeyskoye field; a greenfield development project located on the northeastern portion of the Yamal Peninsula. The acquisition of the field increased NOVATEK’s net total proved natural gas reserves (SEC) by 194 bcm, or 70% of the total increase in 2009 net proved natural gas reserves.
In 2009, NOVATEK’s reserve replacement rate, based on reserves appraised under SEC methodology was 898%. NOVATEK’s five year (2005-2009) average reserve replacement rate amounted to 315% and the Company’s 2009 reserve to production ratio was 29 years for all hydrocarbons and 30 years for natural gas. NOVATEK continued to deliver low cost reserve growth in 2009 through strategically investing capital in exploration and development activities and maintained its position as one of the lowest cost producers in the industry.
|
.jpg)
1. Yurkharovskoye field
2. East-Tarkosalinskoye field
3. Khancheyskoye field
4. Olimpiyskiy LA (Sterkhovoye field)
5. South Tambeyskoye field
6. Termokarstovoye field
7. West Yurkharovskoye field
|
8. North-Khancheyskoye field
9. Yarudeyskoye field
10. Raduzhnoye field
11. New Yurkharovskiy LA
12. Yumantilskiy LA
13. Zapadno-Urengoiskiy LA
14. Severo-Yubileyniy LA
|
15. Severo-Termokarstoviy LA
16. Severo-Russkiy LA
17. Sredniy Chaselskiy LA
18. Zapadno-Tazovskiy LA
19. Anomalniy LA
20. Severo-Yamsoveyskiy LA
21. Pilyalkinskiy LA |
|
As a result of exploration work carried out in 2009, NOVATEK discovered the Severo-Yubileynoye gas condensate and oil field and nine new deposits, including one gas condensate and oil deposit at the Severo-Yubileynoye field, one gas condensate and oil deposit at the Yarudeyskoye field and seven gas condensate deposits at other existing fields.
In 2009, the Company added approximately 2,127 million barrels of oil equivalent (boe) of proved reserves under SEC reserves reporting methodology (SEC standards), inclusive of 2009 production. The growth in proved reserves was mainly attributable to organic reserves growth through development drilling and the finding of new layers at the Yurkharovskoye field as well as the positive impact of the South Tambeyskoye field acquisition on the Company’s total reserves base.
|
