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Production | Yurkharovskoye | East-Tarkosalinskoye | Khancheyskoye | Other fields Other fields South Tambeyskoye field
The South Tambeyskoye field was discovered in 1974 and is located in the northeastern portion of the Yamal Peninsula. The license for exploration and production at the field is held by NOVATEK’s subsidiary Yamal LNG and is valid until 2045. The field has been extensively explored with a total of 55 exploration wells, 1,060 square kilometers of three-dimensional (3D) seismic data as well as two-dimensional (2D) seismic data. The field currently consists of 72 commercially productive layers within 33 horizons including five shallow dry gas horizons and 28 deeper gas condensate horizons. The depth of the horizons varies from between 900 to 2,850 meters. Approximately 80% of the reserves are ready for commercial development. In 2009, the Company carried out additional 2D seismic activities which, are scheduled to continue in 2010 in order to complete the exploration of the field and develop a comprehensive geological field development model.
Termokarstovoye Field
The Termokarstovoye field was discovered in 1988 and is located 30 kilometers from the town of Krasnoselkup in the YNAO. The license for exploration and production of gas and gas condensate at the field is held by NOVATEK’s wholly-owned subsidiary ZAO Terneftegas. The field currently consists of five gas condensate layers with depths of between 2,550 and 3,000 meters, the largest of which has an area of approximately 80 square kilometers. In June 2009, NOVATEK and TOTAL signed a heads of agreement establishing the framework for joint cooperation in exploring and developing the Termokarstovoye gas condensate field.
Olimpiyskiy license area
The license for exploration and production of hydrocarbons at the Olimpiyskiy license area is valid through 2026 and is held by OOO NOVATEK-TARKOSALENEFTEGAS. The Sterkhovoye field and part of the Urengoiskoye field are located within the Olimpiyskiy license area and are included in our annual independent reserve appraisals. Other fields and license areas
At the end of 2009, NOVATEK held licenses for prospecting, exploration and production at the Yumantilskiy and Zapadno-Urengoiskiy license areas as well as three licenses for prospecting at the Severo-Termokarstoviy, Severo-Yubileyniy and New Yurkharovskiy license areas. In 2009, NOVATEK received confirmation from the Natural Resources Ministry of the Russian Federation of the successful conversion of four exploration licenses to production licenses for the North- Khancheyskoye, West Yurkharovskoye, Yarudeyskoye and Raduzhnoye fields which were initially discovered in the period from 2007 to 2008. In 2009, the Severo-Yubileynoye field was discovered and the resources attributable to this discovery have been confirmed by the Russian State Committee for Reserves. Currently, the Company is in the process of filing for a change in the license terms from prospecting to production.
NOVATEK also has a 51% participation interest in associate companies that hold exploration licenses to the Sredniy Chaselskiy, Severo-Russkiy, Zapadno-Tazovskiy, Anomalniy and Severo-Yamsoveyskiy license areas. NOVATEK’s wholly owned subsidiaries, NOVATEK-Tarkosalene. egas and NOVATEKYurkharovne. egas, are acting as operators for exploration works at the license areas. In 2008, NOVATEK discovered the Zapadno- Chaselskoye field within the Sredniy Chaselskiy license area and in 2009 the Company completed an exploratory well and carried out geophysical work at the Severo-Russkiy license area. Post balance sheet, we have increased our participation interest in five of the associate license areas in the first quarter of 2010, as part of the Company’s strategy to develop assets where we maintain operational and financial control.
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