Record oil flow rate well completed at the Yarudeyskoye field

Initial daily well flow rate amounted to 1,010 tons, representing the field’s best well flow rates since commissioning of the field in 2015. The flow rate was achieved without hydro-fracturing due to the well’s unique design, and is part of a program to maintain the field’s oil production.

In June 2015 NOVATEK launched the start of commercial production at the major Yarudeyskoye oil field. The field is developed by Yargeo, a joint venture between NOVATEK (51%) and Nefte Petroleum Limited (49%).

The Yarudeyskoye field is the largest crude oil asset in the company’s portfolio, and is characterized by unique geology, which combined with the application of state-of-the-art drilling and completion technologies allowed us to achieve the average production flow rate of more than 350 tons per day per well. The field’s average flow rate is one of the highest production output amongst fields producing in Western Siberia.