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Yamal Peninsula is a region of Gazprom’s strategic interests |
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Bovanenkovo field is being pre-developed at full speed |
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Strategy
In January 2002, Gazprom’s Management Committee identified the Yamal Peninsula as a region of the Company’s strategic interests. Commercial development of the Yamal fields will enable to build up local gas production to 250 bcmpa. Accessing Yamal is of principle significance for securing gas extraction growth.
Yamal has seen the discovery of 11 gas and 15 oil and gas condensate fields. The aggregate reserves of Yamal’s largest fields, namely Bovanenkovo, Kharasavey and Novoportovskoye, with Gazprom’s wholly owned subsidiary Gazprom dobycha Nadym as the license holder, account for 5.9 tcm of gas, 100.2 mln t of condensate and 227 mln t of oil.
Bovanenkovo Field
The Cenomanian-Aptian deposits of the Bovanenkovo field are a paramount development target on Yamal.
Projected gas production from Bovanenkovo is at 115 bcmpa to be increased to 140 bcmpa in the long-term. In order to deliver the extracted gas to the Unified Gas Supply System of Russia, it is necessary to build a 2,451-km-long gas transmission network including a new 1,100-km-long gas transmission corridor between Bovanenkovo and Ukhta.
Investment Rationale
The Investment Rationale has undergone all statutory approvals and expert evaluations. All expert reports point to the expediency of executing the Bovanenkovo field development project and an associated project for the construction of a gas transmission network from Yamal.
In October 2006, Gazprom’s Management Committee reviewed the progress with the development of the Investment Rationale and ordered to launch the investment stage of the project.
Production Start
The first 15 bcmpa development facilities for the Cenomanian-Aptian deposits of the Bovanenkovo field as well as the Bovanenkovo-Ukhta gas trunkline system are slated to begin operation in the 3rd quarter of 2011.
Current Status
At present, construction is underway on Bovanenkovo’s top priority fire protection, sanitary & epidemiological and environmental safety facilities, life-support infrastructure and industrial bases as well as production and transportation facilities.
At the same time, construction is on progress on the Obskaya-Bovanenkovo railroad that will enable to fully effect as early as in late 2011 railroad deliveries of materials and equipment for the construction of Bovanenkovo’s facilities.
Cooperation
The Yamal-Nenets Autonomous Okrug (YaNAO) is the basic gas production province of Gazprom. The Company produces there over 90 per cent of gas (about 83 per cent of the total national production).
The General Agreement is the main document regulating cooperation between Gazprom and YaNAO. In order to promote the Agreement, the parties inked additional agreements and accords, a Memorandum on Cooperation as well as annually signed agreements of cooperation.
On January 29, 200, the YaNAO Administration and Gazprom signed the Memorandum of Interaction for the comprehensive commercial development of hydrocarbon fields in the Yamal Peninsula and offshore areas.
News Releases:
12.08.2008
Gazprom launches construction of Bovanenkovo – Ukhta submerged crossing via Baidarata Bay
10.06.2008
Main stage of crossing construction over Yamal’s Yuribey River floodplain completed
26.12.2006
Gazprom and YaNAO enter into Agreement of Cooperation for 2007
23.10.2006
Onsite meeting on Bovanenkovo field and trunkline system development issues held
6.10.2006
Gazprom Management Committee resolves to initiate investment stage of Bovanenkovo field development
26.02.2006
Board of Directors examines Gazprom’s gas production strategy
25.01.2005
Gazprom completes first stage of Bovanenkovo field investment planning
29.09.2003
Gazprom’s investment prospects