North-Urengoyskoye field

The North-Urengoyskoye gas condensate field, discovered in 1966, is located 25 km south of the Yurkharovskoye field. The development license for the field is held by ZAO Nortgas. In November 2012, NOVATEK acquired a 49% equity stake in ZAO Nortgas. In June 2013, NOVATEK increased its equity stake in ZAO Nortgas from 49% to 50% as a result of an additional issue of shares.

Field reserves are concentrated in two domes – western and eastern.

Commercial production started at the western dome in 2001. In October 2013, commercial production was launched at the Eastern dome. Twenty three (23) production wells have been completed at the Eastern dome by year-end, and its infrastructure included a gas treatment facility with annual capacity of six (6) billion cubic meters (bcm), a gas gathering networks, and gas and gas condensate pipelines connected to the Western dome of the field. The Eastern dome allows the joint venture to achieve peak production capacity.

During 2013, the field produced 2.4 bcm of natural gas and 0.25 milliom tons of unstable gas condensate.